From Success to Collapse: The Turbulent Journey of Ben Armstrong in the Crypto World

Ben Armstrong is living one of the most real contracts in the cryptocurrency world. From being an omnipresent influencer on social media to practically disappearing from the map, his story serves as a mirror of the sector’s risks and contradictions. Recently, the creator decided to end his daily live streams after three consecutive years, a decision that reveals not only financial difficulties but also a cascade of legal problems surrounding him.

The Rise of Influencer Bitboy and His Earnings Promises

Between 2018 and the early 2020s, the personality known as “Bitboy” was almost synonymous with fearless speculation in the crypto universe. Ben Armstrong regularly posted bold price predictions, accompanied by sensational titles like “GET IMPOSSIBLE GAINS with Bitcoin’s SUPERCYCLE.” His videos amassed tens of thousands of views, fueling amateur traders’ appetite for entertainment and (supposedly) valuable tips.

At that time, Armstrong had discovered a profitable formula: mixing superficial technical analysis with aggressive language and exaggerated promises. The audience was loyal, believed in him, and followed every move he made. This popularity led him to take the next natural step in the crypto market: launching his own digital asset.

Corporate and Personal Scandals Marking the Decline

In mid-2023, Ben Armstrong created the $BEN coin, a cryptocurrency intended to solidify his digital empire. However, his journey with the token was disastrously brief. Soon after its launch, Armstrong was expelled from the project due to “serious and personal allegations,” according to Decrypt reports. What followed was a series of confusing events that virtually destroyed his reputation.

It was revealed that Armstrong was involved in a romantic relationship with the CEO of the company responsible for BEN Coin. Simultaneously, he was arrested at the residence of a former business partner. Both events were documented and made public almost on the same day, sparking a storm of controversy. Armstrong later sued the company behind the brand in response to the accusations.

Legal and Financial Problems: The Weight of Lawsuits

In an emotional video shared on his personal YouTube channel about two years ago, Armstrong revealed the extent of his financial troubles. According to the creator, his daily streams were no longer financially viable and cost approximately $25,000 a week in production expenses. But an even bigger expense came from elsewhere: legal bills.

“We’re almost out of here, guys. Lawyers are coming after me from all angles,” Armstrong said in the video, which gathered about 18,000 views. “Practically everyone I know is coming after me now.” The influencer admitted to spending around $100,000 monthly on legal expenses, making it impossible to maintain his previous operation.

The End of Daily Streams and a New Scenario

The decision to stop daily live streams symbolically marked the end of an era. For three consecutive years, Monday through Friday, Armstrong was present for his followers, producing content regardless of holidays, birthdays, market crashes, or speculative highs. This consistency had become his trademark.

But financial and legal realities left no room for nostalgia. Ben Armstrong’s collapse is part of a broader trend of instability in the crypto sector, where influencers and projects often face regulatory scrutiny and scandals that threaten their viability. Meanwhile, the market continues to evolve, with new players emerging to fill the space left by controversial figures like Ben Armstrong.

Armstrong’s trajectory serves as a painful reminder: in the world of cryptocurrencies, the rise can be meteoric, but the fall is often equally dramatic.