In a surprising turn of events, Ben Armstrong, better known by his moniker Bitboy, has announced an end to his popular daily cryptocurrency live stream. Armstrong has been a prominent figure in the crypto community, known for his insights and predictions. However, recent personal and legal challenges have led to unexpected financial burdens, compelling him to halt the production of his daily show.
The Cost of Crypto Commentary
Armstrong’s live streams have been a staple in the crypto world, but the expense of creating such content has proven to be unsustainable. In a heartfelt video to his followers, Armstrong disclosed that the weekly production costs amounted to a staggering $25,000. This financial strain, coupled with legal expenses reaching around $100,000 monthly, has forced his hand in discontinuing the daily live stream.
Legal Battles and Personal Challenges
The cessation of the live stream is just one aspect of Armstrong’s current predicament. Facing a barrage of legal issues, Armstrong expressed in his video, “Lawyers are attacking me from every direction, and currently, everyone I know is targeting me.” These legal battles have not only drained his finances but have also put a strain on his personal life.
Controversy and the Crypto Community
Armstrong’s journey has been marked by both success and scandal. After gaining fame with his Bitboy vlog, he ventured into launching his own cryptocurrency, the $BEN coin. While initially successful, Armstrong’s actions, including the sale of BEN tokens contrary to his commitment to hold them, have led to serious allegations and a tarnished reputation within the crypto community.
A Plea for Support
Amidst his financial turmoil, Armstrong has turned to the crypto community for donations. This request has been met with criticism, particularly in light of his past displays of wealth. Critics have suggested that the funds being sought might be more beneficially allocated to other causes, highlighting a perceived inconsistency between Armstrong’s past and present circumstances.
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