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Bye Bye Bitboy? Ben Armstrong Stops “$25,000 a week” Daily Livestream

Last Updated February 1, 2024 10:22 AM
Teuta Franjkovic
Last Updated February 1, 2024 10:22 AM

Key Takeaways

  • ‘Bitboy’ Ben Armstrong has announced the end of his daily livestreams.
  • Armstrong’s fall from grace began with the launch of his own cryptocurrency, $BEN coin, in mid-2023.
  • The saga surrounding Armstrong took a dramatic turn when he was arrested at the residence of a former associate.

In a candid revelation, Ben Armstrong, the outspoken cryptocurrency influencer who soared to fame through his “Bitboy” vlogs, has announced  the cessation of his daily livestreams after a tumultuous three-year run marked by corporate and personal controversies.

In a video  released on his personal YouTube channel, Armstrong shared the financial challenges that led to this decision, citing the unsustainable cost of producing the daily shows—which amounted to a staggering $25,000 per week.

Armstrong Ends Livestream Amid Financial Strain and Legal Woes

Armstrong, known for his incisive commentary on crypto market trends, further disclosed that he is grappling with substantial legal expenses, totaling around $100,000 monthly . This financial burden, coupled with the production costs, has compelled the once-dominant crypto voice to step back from his daily engagements with his audience.

In his 10-minute video  that reached 18,000 views late Wednesday, Armstrong said:

“We’re barely making it out here, guys. We’ve got lawyers coming at me from every angle. Everyone I know is coming after me right now.”

Ben Armstrong, widely recognized as “Bitboy,” carved a niche for himself as a dynamic, articulate crypto influencer whose career took off in 2018.

His channel, known for its slickly produced videos featuring bold headlines like “Make IMPOSSIBLE Gains with Bitcoin SUPERCYCLE,” quickly became a staple in certain crypto trading circles.

His content, a blend of ambitious price forecasts and cryptocurrency news, not only amassed tens of thousands of views but also cultivated a dedicated following that looked to him for both guidance and entertainment.

Scandals and Legal Battles Ensue

In a bold move in mid-2023, Armstrong ventured into creating his own digital currency, the $BEN coin, capitalizing on his popularity. However, his ascent in the BitBoy empire was abruptly halted post-launch due to “serious and personal allegations,” as previously reported. This led to Armstrong’s expulsion and subsequent legal battles against the company holding the BitBoy brand.

The saga unfolded into a series of scandalous events. Notably, it was unveiled during a livestream that Armstrong was entangled in an affair with the CEO of BEN Coin. The same livestream also captured his arrest at the residence of a former associate, marking a dramatic chapter in Armstrong’s once soaring crypto career.

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