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Bitboy Net Worth

Bitboy Net Worth

Ben Armstrong, formerly BitBoy Crypto, experienced meteoric success followed by legal and financial woes, with an estimated net worth between $1 - $5 million.

Summary: Ben Armstrong, commonly known as his previous alias, BitBoy (@BitBoy_Crypto on Twitter), is a cryptocurrency influencer, who rose to fame as a YouTuber and "investor". He grew his channel to 1.5 million subscribers before losing the account in a legal battle against his co-founders.

Ben was one of the first people to recognize and invest in Bitcoin early on, which has helped him amass his current estimated net worth of $1 - $5 million dollars.

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Who is Ben Armstrong (BitBoy)?

BitBoy Crypto is the online persona of Ben Armstrong, a cryptocurrency influencer and content creator that gained popularity on YouTube. The channel initially focused on simplifying complex crypto concepts and providing daily news updates, market analysis, and reviews of various crypto projects. By 2021, Ben had grown BitBoy Crypto to over 1.5 million subscribers, establishing it as one of the most popular sources for crypto content.

In August 2022, he was removed from his own company, HIT Network, and consequently lost control of the BitBoy Crypto brand. The official statement cited issues related to substance abuse, misconduct, and financial mismanagement. Following this ouster, the BitBoy Crypto channel was rebranded to "Discover Crypto," and Ben's follower base faced significant changes.

His financial situation deteriorated rapidly post-2022. He revealed that mounting legal expenses, including $100,000 per month in fees, had severely impacted his wealth. Ben faced multiple lawsuits, including disputes over his removal from HIT Network and accusations of misleading crypto endorsements. A legal tussle over the ownership of a Lamborghini highlighted the extent of his struggles. 

He sought financial help from his followers to support his legal battles, receiving significant crypto donations. However, by January 2024, Ben announced that he would stop streaming due to unsustainable legal costs and financial difficulties, indicating a steep drop from his former wealth. Despite an initial boost in subscribers on the channel, his influence had waned significantly compared to his previous heights. 

What is Ben Armstrong’s Net Worth?

At his peak in early 2022, Ben claimed his portfolio was worth upwards of $10 million. This substantial wealth primarily stemmed from strategic investments and endorsements of various digital assets. His influence in the crypto space was solidified by his high-profile collaborations and frequent appearances at major industry events. Ben’s podcast media kit was leaked by previous clients, and his fees are outrageously high, with a mention on his podcast costing a staggering $20,000.

As of early 2024, Ben Armstrong’s known net worth is at least $130,000, primarily derived from his known cryptocurrency holdings. His peak wealth in February 2022 was estimated to be approximately $8 million. However, this did not account for privately held equity or debts, which could further affect his financial standing. Previous boasts of a $10 million portfolio have been called into question, with on-chain data showing fluctuating and often lower actual values. The estimated net worth is around $1 - $5 million based on sources online.

How Did BitBoy Build His Net Worth?

Ben capitalized on his success through multiple income streams. He monetized his channel through YouTube ad revenue, affiliate marketing, and lucrative sponsorship deals, reportedly charging between $2,500 for website articles and up to $40,000 for dedicated reviews and interviews. His prominence also extended to selling branded merchandise and holding equity stakes in several companies he founded, such as HIT Network and High Throughput Productions. 

Is Ben Armstrong A Boxer?

Ben ventured into boxing as a way to diversify his public persona and connect with a broader audience. His boxing journey began as part of the influencer boxing trend, where internet personalities face off in the ring. His most notable bout was against fellow YouTuber Crypto Jeb, which garnered substantial attention within the crypto community. 

Despite his relative inexperience, Ben trained rigorously for the match, demonstrating his commitment to the sport. Although the fight ended in a draw, it showcased His determination and willingness to step outside his comfort zone. His foray into boxing, though brief, added a new dimension to his public image, illustrating his multifaceted approach to engaging with fans and expanding his brand.

Should I Trust Ben Armstrong’s Financial Advice?

No, he was involved in several scandals including allegations of insider trading, promoting fraudulent ICOs, and spreading misinformation about various tokens. The controversies led to a loss of credibility for BitBoy and many of his followers turned away from him. Furthermore, the events of 2023 have raised questions about the accountability of this influencer and the impact he can have on the market. We do not recommend taking financial advice from Ben Armstrong.

Bottom Line

In conclusion, Ben Armstrong, once known as BitBoy Crypto, built a prominent presence in the cryptocurrency community through his YouTube channel, which gathered over 1.5 million subscribers. Despite his early success from strategic investments and endorsements, his career was marred by controversies and legal disputes that led to his removal from HIT Network and a significant decline in his net worth. 

By early 2024, facing financial difficulties and mounting legal costs, Armstrong’s influence had waned considerably, with his estimated net worth dropping to around $130,000. His story serves as a cautionary tale about the volatile nature of fame and fortune in the crypto space.

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