Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Ben Armstrong Ends Crypto Show Amid Cash Crunch and Legal Attacks

Ben Armstrong Ends Crypto Show Amid Cash Crunch and Legal Attacks

CoineditionCoinedition2024/02/01 13:13
By:Ikemefula Aruogu
  • Ben Armstrong has announced that he is stopping his daily crypto YouTube show.
  • The crypto influencer claimed that lawyers and almost everyone he knows are “coming after” him.
  • Armstrong said the 3-year-long daily show would no longer continue due to financial constraints.

Ben Armstrong alias ‘Bitboy,’ a renowned crypto influencer, has announced a stop to his daily crypto YouTube show. Armstrong told viewers at the end of his video session on Wednesday, January 31, that the three-year-long daily show would no longer continue due to financial constraints.

In an emotional video, Armstrong explained that it costs him $25,000 weekly to produce his daily shows, and he spends about $100,000 monthly on legal bills. According to Armstrong, lawyers and almost everyone he knows are “coming after” him. Armstrong said:

“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 is one of the prominent commentators in the crypto space, having published polished price predictions and analysis videos every day for several years. This attracted many followers to his personal YouTube channel, reaching over 91,000 subscribers, which eventually led to Armstrong creating his cryptocurrency called $BEN coin in mid-2023.

Owners of the Bitboy Crypto brand dismissed Armstrong shortly after he created the cryptocurrency, with the parent company making personal accusations against him. Last August, the Bitboy Crypto brand announced via X:

“BJ Investment Holdings, the parent company of Hit network, took decisive legal action in removing Ben Armstrong from the company, and specifically the Bitboy Crypto brand.”

The renowned influencer responded by filing a lawsuit against the company that owns the Bitboy Crypto brand. It resulted in a series of events that appeared to have escalated the disagreement, leading to him shutting down his show.

Armstrong followed up his video announcement with a post on X. He recollected his collective journey so far with his audience, telling them how he would miss them after the shutdown.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

The Daily: Dogecoin investors drop class-action lawsuit against Elon Musk, Michael Saylor plans $100K bitcoin party and more

Dogecoin investors have dropped their class-action lawsuit against Elon Musk, which accused him of manipulating the price of DOGE during its 2021 surge from less than $0.10 to around $0.70.JPMorgan analysts anticipate positive regulatory changes for crypto under President-elect Donald Trump, with clearer frameworks likely to benefit the industry.President-elect Donald Trump nominated bitcoin advocate Robert F. Kennedy Jr. for U.S. Secretary of Health and Human Services on Thursday.The following article is

The Block2024/11/15 20:23

Matrixport Included Developments That Will Affect Bitcoin in December in Its Weekly Report! Here Are the Details

Matrixport's latest weekly report highlights a number of positive factors that have underpinned Bitcoin's recent strong performance.

Bitcoinsistemi2024/11/15 20:00

Trump's Inflow Wave Has Ended! Spot Bitcoin and Ethereum ETFs Experience First Outflows Since Election!

It ended a wave of inflows and outflows in spot Bitcoin and Ethereum ETFs that has been ongoing since Donald Trump was elected president on November 5.

Bitcoinsistemi2024/11/15 19:55

The Scoop: Anti-crypto bias may have cost Democrats the election

A growing base of single-issue crypto voters have become frustrated by Democrats’ general opposition to the industry.This column is adapted from The Scoop newsletter.

The Block2024/11/15 19:22