Ben Armstrong Steps Back from Daily Crypto Show Amid Legal and Financial Strains

Ben Armstrong’s journey in the cryptocurrency world has taken a dramatic turn. The prominent crypto influencer, once known for his energetic “Bitboy” persona, has announced he is discontinuing his daily livestream broadcasts after maintaining the rigorous schedule for three years. In a candid video shared on his personal YouTube channel, Armstrong revealed the harsh financial reality behind his content creation empire.

The Financial Toll of Daily Broadcasting

The numbers tell a sobering story. According to Armstrong’s own disclosure, producing his daily cryptocurrency analysis shows has been consuming approximately $25,000 per week in production costs alone. This translates to a staggering $1.3 million annually just to keep the broadcasts running. But the financial bleeding extends far beyond production expenses.

Armstrong disclosed that his legal expenses have ballooned to approximately $100,000 monthly. When combined with production costs, the total monthly expenditure reaches roughly $200,000—an unsustainable burden that forced his hand. “We’re barely making it out here, guys,” Armstrong stated in the video, which accumulated 18,000 views within hours of posting. “We’ve got lawyers coming at me from every angle.”

Money Troubles and Legal Battles

Ben Armstrong’s current predicament is not merely a financial matter—it’s multifaceted. The crypto influencer acknowledged facing legal pressures from multiple directions simultaneously. This legal storm represents a significant shift from his earlier years of success, when his confident, rapid-fire delivery and bold market predictions attracted a devoted following.

The accumulation of legal challenges has created a perfect storm of financial and reputational pressure, making the continuation of his daily show economically unviable.

Rise and Fall of the Bitboy Brand

Armstrong’s trajectory in cryptocurrency media demonstrates the volatile nature of the space. Beginning in 2018, he built a substantial following through polished video content featuring ambitious titles such as “Make IMPOSSIBLE Gains with Bitcoin SUPERCYCLE.” His content resonated with retail traders and crypto enthusiasts seeking both market insights and entertainment value, amassing tens of thousands of viewers per video.

The peak of his influence came in mid-2023 when Armstrong launched his own cryptocurrency token, $BEN coin. However, this venture quickly unraveled. Shortly after the token’s launch, Armstrong was ousted from the “Bitboy” operation due to what sources described as “serious and personal allegations.” Decrypt reported on the messy circumstances surrounding this split.

The situation deteriorated further when controversies emerged, including revelations of Armstrong’s personal involvement with the CEO of BEN Coin and his arrest at a former business partner’s residence. These incidents occurred during a single livestream broadcast, compounding the public scandal.

Legal Aftermath and Ongoing Conflict

Following his removal from the Bitboy organization, Ben Armstrong initiated legal action against the company controlling the brand. This litigation appears to be among the multiple legal challenges now consuming his resources and attention. The cumulative effect of defending himself against various legal proceedings has created the financial crisis he now faces.

What’s Next for Ben Armstrong

The discontinuation of daily broadcasts marks a significant turning point for Ben Armstrong, signaling both a personal retreat and a practical business decision. While he has not ruled out future content creation, the daily grind appears to be over. The decision underscores broader challenges faced by crypto influencers operating in an industry where regulatory scrutiny and personal controversies can rapidly escalate financial and legal burdens.

For Ben Armstrong, the transition from celebrated crypto personality to someone struggling under legal and financial pressure happened remarkably quickly, serving as a cautionary tale within the broader cryptocurrency community about the risks of rapid rise in this volatile industry.