Ben Armstrong, the brash crypto influencer whose precipitous rise as the “Bitboy” vlogger came crashing down under corporate and personal scandal, is stopping his daily livestream after three years.
In an emotional video posted to his personal Youtube channel, Armstrong said his daily shows in which he discussed crypto trends were no longer financially viable and were burning $25,000 a week to produce. He said he is spending “about $100,000 a month” on legal bills.
“We’re barely making it out here, guys. We’ve got lawyers coming at me from every angle,” he said in the 10 minute video that had garnered 18,000 views late Wednesday. “Everyone I know is coming after me right now.”
Armstrong was better known as “Bitboy,” the hard-charging, fast-talking crypto personality who from 2018 on published polished price prediction and news videos with headlines like “Make IMPOSSIBLE Gains with Bitcoin SUPERCYCLE” that garnered tens of thousands of views.
His content was a hit in one corner of the crypto trading public, who followed the channel for advice as well as entertainment. It led to Armstrong creating his own cryptocurrency called $BEN coin in mid-2023.
But he was ousted from the BitBoy world shortly after that token’s launch over “serious and personal allegations,” according to Decrypt. Armstrong later sued the company that owns the brand.
That began a series of messy events that included the revelation Armstrong was having an affair with the CEO of BEN Coin and his arrest at the home of a former business partner – both of which happened on the same livestream.
My daily crypto livestream has been my life.
We had a good run. 3 years. Every Monday through Friday without rare exception.
Holidays. Birthdays. Market crashes. Bull market tops. Epic rants. I was there with you through it all.
I’ll miss you guys.
— Ben Armstrong (@BenArmstrongsX) January 31, 2024