BitBoy Crypto Show Comes to an End: Cash Crunch and Legal Battles Prompt Closure 💔

Ben Armstrong, also known as BitBoy, has ended his daily crypto YouTube program due to financial difficulties and increasing legal conflicts.

BitBoy, a popular cryptocurrency influencer, has decided to stop his YouTube show due to his ongoing legal battles.

By Jimmy Aki
Last updated: February 1, 2024 00:55 EST | 2 min read

Renowned crypto influencer BitBoy, also known as Ben Armstrong, has announced the end of his daily crypto show on January 31. This surprising decision, revealed on his YouTube channel, is attributed to financial challenges and ongoing legal battles.

Cash Crunch and Legal Battles Prompt Closure

In a shocking turn of events, BitBoy bid farewell to his three-year-long daily crypto show. He cited financial difficulties as the main reason for shutting down his popular program. According to him, the cost of creating and producing each of his daily shows amounts to a staggering $25,000 per week. On top of that, he has been dealing with hefty legal fees, which have amounted to an additional $100,000. It’s safe to say that BitBoy has been going through a lot.

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BitBoy’s financial struggles were further exacerbated by his ongoing legal battles, where he found himself spending a substantial amount of time in court. These legal challenges initially emerged in mid-2023 when he created his own crypto asset called the $BEN coin. Unfortunately, the BitBoy Crypto brand did not endorse this initiative, leading to a conflict that ignited a series of legal actions against Armstrong and his crypto empire.

In response to the controversy, BitBoy Crypto’s parent company, BJ Investment Holdings, publicly announced its intention to take legal action against Armstrong. As a result, the once-beloved crypto influencer was ousted from the entire BitBoy Crypto franchise business. Armstrong did not take this lying down and filed a counter-lawsuit. However, it seems that the turbulent events were irreversible, and the legal battles kept coming at him from every direction.

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In his final YouTube presentation, Armstrong expressed the gravity of the situation, stating, “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.” The emotional farewell added another layer of complexity to the already intense situation.

Followers Rally Around BitBoy

Armstrong rose to prominence in 2021, captivating crypto enthusiasts with his daily insights on digital assets. His YouTube channel, which provided in-depth coverage of digital asset fundamentals, price predictions, and Web3 investment opportunities, gained over 91,000 loyal followers throughout the years.

Upon hearing the news, BitBoy’s subscribers expressed their support and appreciation for the treasure trove of information his show had been, enabling them to gain valuable knowledge since 2021. Many of his subscribers are hopeful for a possible comeback, eagerly anticipating news from their beloved influencer.

While the atmosphere is largely positive, Armstrong has not given any indication of a potential return to his YouTube show or any other platform. As the crypto community bids farewell to BitBoy Crypto, it remains to be seen what the future holds for this influencer and the industry he leaves behind.

🗣️ Q&A – Your Burning Questions Answered!

Q: What led to BitBoy’s decision to end his daily crypto show?
A: BitBoy faced significant financial challenges due to the high production costs of his daily shows, amounting to $25,000 per week, along with mounting legal fees. These hardships eventually became too much to bear.

Q: What were the legal battles that BitBoy was facing?
A: The legal battles began when BitBoy created his own crypto asset called $BEN coin. BitBoy Crypto’s parent company, BJ Investment Holdings, disapproved of the venture and took legal action against Armstrong, resulting in his removal from the entire BitBoy Crypto franchise.

Q: Will BitBoy make a comeback in the future?
A: While BitBoy’s subscribers are hopeful for a possible return, there has been no indication from Armstrong regarding a comeback. Only time will tell if he decides to reenter the crypto scene.

Future Outlook and Investment Recommendations

The departure of BitBoy Crypto from the daily show landscape leaves a void in the crypto community. However, the industry continues to evolve, with new influencers and analysts emerging to provide insightful content and analysis. Investors should seize this opportunity to explore different perspectives and sources of information to make informed decisions.

As always, it’s important to do thorough research and due diligence when navigating the crypto space. Staying updated with reliable news sources, following industry trends, and consulting with experts can help investors make well-informed investment decisions. Remember, the crypto market is constantly changing, and having a sound strategy is crucial.

References

1. BitBoy’s YouTube Channel
2. BitBoy’s Twitter
3. BitBoy Crypto Discord
4. Legal Challenges in Decentralized Finance by BitBoy
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