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, 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.
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.