Renowned crypto influencer BitBoy, real name Ben Armstrong, has announced the end of his daily crypto show on January 31.
In a surprising turn of events, BitBoy bid farewell to his three-year daily crypto show. Revealed on his YouTube channel, BitBoy attributed the decision to financial challenges.
Cash Crunch and Legal Battles Prompt Closure
According to him, his financial struggles have been further aggravated by his ongoing legal battles, which have seen him spend considerable time pleading his case in court.
Providing more details, BitBoy revealed that he spends as much as $25,000 weekly to create and publish his daily shows. A further $100,000 is channeled towards covering his legal fees. According to him, he has lost everything.
BitBoy’s legal issues started in mid-2023 when he created his crypto asset, the $BEN coin. Following the launch of the digital asset, the BitBoy Crypto brand did not endorse the idea.
In an announcement on X, BitBoy Crypto’s parent company, BJ Investment Holdings, stated that it would take legal action against Armstrong. Consequently, the crypto influencer was ousted from the entire BitBoy Crypto franchise business.
In response, Armstrong filed a counter-lawsuit, but the tide of events remained irreversible. Since then, the YouTuber has reported an onslaught of legal battles emerging from everyone and everywhere.
“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,” Armstrong explained in his closing YouTube presentation.
Followers Rally Around BitBoy
Armstrong rose to prominence in 2021, captivating crypto enthusiasts with his daily insights on digital assets. Covering digital asset fundamentals, price predictions, and Web3 investment opportunities, his YouTube channel amassed more than 91,000 followers in the subsequent years.
Following his announcement, his YouTube subscribers gave him moral support. One stated that his show served as a treasure trove of information, allowing would-be investors to get first-hand knowledge since 2021. Many of his subscribers are rooting for him to make a possible comeback.
While the atmosphere is largely positive, Armstrong has not hinted at any possible comeback on his YouTube show and X handle.
Hot Take: Crypto Influencer BitBoy Ends YouTube Show Amid Ongoing Legal Battles
Renowned crypto influencer BitBoy, also known as Ben Armstrong, has surprised fans by announcing the end of his daily crypto show. The decision came as a result of financial challenges and ongoing legal battles that have drained his resources and time.
BitBoy revealed that he spends a significant amount of money each week to produce and publish his shows, as well as cover legal fees. Unfortunately, these expenses have taken a toll on him, leading to the closure of his popular YouTube channel.
The legal issues began when BitBoy created his own cryptocurrency, which was not endorsed by the BitBoy Crypto brand. This resulted in legal action being taken against him by the parent company. Despite filing a counter-lawsuit, BitBoy has found himself facing numerous legal battles.
Although he has received support from his followers, it remains uncertain if BitBoy will make a comeback in the future. His departure marks the end of an era in the crypto community.
Wyatt Newson emerges as a luminary seamlessly interweaving the roles of crypto analyst, dedicated researcher, and editorial virtuoso. Within the dynamic canvas of digital currencies, Wyatt’s insights resonate like vibrant brushstrokes, capturing the attention of curious minds across diverse landscapes. His ability to untangle intricate threads of crypto intricacies harmonizes effortlessly with his editorial mastery, transmuting complexity into a compelling narrative of comprehension.