Veteran investor Michael XBT backs CRV against Bitcoin after heavy XRP trade
The Crypto Basic reports veteran Bitcoin investor Michael XBT expects Curve DAO Token to outperform Bitcoin this cycle, citing $76 million in loans, $300 million staked and a 16% emissions cut.
Why it matters
The claim rests on one named trader and one outlet, and the protocol figures the article cites are not attributed to a named data source, so they cannot be checked against the on-chain record from this report alone. Whether the weekly CRV/BTC chart actually breaks the lower-highs, lower-lows structure that has held since 2024 is the specific, checkable test the article puts forward.
Key facts
Michael XBT said he invested heavily in XRP during the previous market cycle.
Reported by The Crypto Basic
Michael XBT said he expects CRV to rise sharply against Bitcoin.
Reported by The Crypto Basic
Figures cited in the article show $76 million in active loans.
76,000,000 USDReported by The Crypto Basic
Figures cited in the article show more than $300 million in staking.
300,000,000 USDReported by The Crypto Basic
The article reports a 16% reduction in CRV emissions.
16 %Reported by The Crypto Basic
The weekly CRV/BTC chart is described as recovering from a prolonged downtrend.
Reported by The Crypto Basic
A pattern of lower highs and lower lows in CRV/BTC has persisted since 2024 and the price is approaching a potential breakout.
Reported by The Crypto Basic
What happened
The Crypto Basic reported that veteran Bitcoin investor Michael XBT expects Curve DAO Token (CRV) to be a standout performer in the current market cycle, drawing a parallel to the XRP rally in the previous one. XBT said he invested heavily in XRP last cycle and now sees similar potential in CRV, citing the token's relative strength against the broader crypto market and price action that he says diverges from the wider market. He said he began buying CRV at $0.20 and kept adding as the price climbed, and said: 'I think we're about to witness that God Candle against BTC.' The article describes his weekly CRV/BTC chart as recovering from a prolonged downtrend and approaching a breakout from a pattern of lower highs and lower lows that has persisted since 2024. It lists $76 million in active loans, more than $300 million in staking, rising revenue and a 16% reduction in CRV emissions as figures behind the bullish case. No other outlet covered the claim, and the article gives no timing, target price or position size beyond the $0.20 entry.
How the story developed
- First report
First report by The Crypto Basic
Veteran Trader Says Last Cycle It Was XRP, This Time It’s Not
- Update
Michael XBT states his bullish case for CRV against Bitcoin
The Crypto Basic published the only report on the claim, describing XBT's $0.20 CRV entry, his weekly CRV/BTC chart reading and four protocol figures.
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| The Crypto Basic Crypto media | Veteran Trader Says Last Cycle It Was XRP, This Time It’s Not | Original |