Ben Armstrong, popularly known as Bitboy Crypto, created one of the biggest crypto-focused YouTube channels. However, he has found himself at the center of massive scandals in recent months, which have ruined his credibility within the blockchain industry.
Keep reading this article to understand everything about Bitboy Crypto, from his achievements to sandals.
Who is Bitboy Crypto?
Bitboy Crypto is a US-based crypto influencer who became popular after launching his YouTuber channel that shares crypto-focused content. At one point, the channel hit 1.39 million subscribers. However, after the YouTuber fell out with former business partners and was linked to various cryptocurrency scams, his channel’s following dropped by over 90,000 subscribers.
According to Armstrong’s LinkedIn profile, the crypto influencer studied at Toccoa Falls College between 2009 and 2012. He holds a Bachelor’s Degree in Ministry Leadership from Georgia-based Christian Liberal Arts Institution.
Armstrong, the father of three, touts himself as an advocate of mainstream adoption of crypto. Besides his new YouTube channel, he is also active on TikTok and X. Here are some of his achievements:
- He Founded HIT Network, BitBoy Crypto YouTube Channel, and Hgh Throughput Products. However, Armstrong is no longer part of these companies after parting ways with his partners.
- Bitboy owns Ben Armstrong Designs, a company he founded in 2015, which deals in graphic design and SEO, among other services.
- The Youtuber owns Front Page Tickets.
- He co-hosts the Beards and Bitcoins event.
- Bitboy was an executive director at a company known as Three Dimensional Life from 2015 to 2018.
How Did Ben Armstrong Make His Fortune?
Amrstrong’s fortune comes from numerous sources. He is an early Bitcoin investor, having bought the coin in 2012. His biggest fortune maker was his “Bitboy Crypto” YouTube channel. He used to generate an average monthly revenue of $40,000 through advertising crypto projects.
He also introduced several subscription-based services to sell exclusive content, generating more revenue in the process. Moreover, Bitboy Crypto sells his merchandise to his followers. He has authored a crypto-focused book, “Catching Up to Crypto,” which is available for sale on numerous platforms like Amazon.
Bitboy’s Net Worth
There are two factors that make determining the net worth of Bitboy challenging. First of all, he has not disclosed his wealth in public. Secondly, most of the assets he owns are blockchain-based, meaning they are extremely volatile. According to various sources, however, Bitboy is estimated to have a net worth ranging between $10 million and $20 million.
Crypto Projects Linked With Bitboy Crypto
Bitboy Crypto has been associated with several cryptocurrency projects since he became a crypto influencer. They include:
DistX – In 2020, he marketed this token as a “scam-proof” digital currency, only for its developer to pull the rug on investors later that year.
Hex – Despite many crypto users raising concerns about Hex due to its high yield rate, Bitboy kept pushing the crypto project, which its founder now faces several criminal charges.
SafeMoon – Before Bitboy realized that SafeMoon was a scam through another YouTuber, Coofeezilla, he promoted it passionately.
PSYOP – This is one of the few projects that Bitboy is associated with and hasn’t died yet. Still, some crypto users believe PSYOP’s developer might pull the rug soon, given their history of failed crypto projects.
Here are some of the controversies surrounding Ben Armstrong:
Substance Abuse – Last year, HIT Network leadership fired Armstrong from the company after accusing him of substance abuse. However, Armstrong claimed that the leaders had planned an “internal coup.”
Misinformation and Plagiarism – Several accusations of stealing content from other crypto influencers have been leveled against Bitboy severally. Moreover, the crypto influencer has been called out for spreading misinformation regarding some of the crypto projects he promotes.
Promotion of scam projects – As mentioned earlier, most of the crypto projects promoted by Bitboy have rug pulled investors.
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