Without any doubt, merely trading crypto can yield sufficient income for everyone involved. Meanwhile, Ben Armstrong, popularly known as Bitboy Crypto, saw more in cryptocurrencies than just trading. So, the American investor tried to combine his knowledge of crypto trading with modern media tech. This way, he can reach a larger audience with his trading strategies, market analysis, etc, and fetch himself huge earnings simultaneously—and it worked!
Ben Armstrong was among the world’s youngest millionaires, netting up to $30 million at his peak. He is a seasoned cryptocurrency trader, but he runs a YouTube channel releasing content related to crypto market analysis, trading strategies, and the latest crypto news. Ben Armstrong earned a nickname, prestige, and a net worth, reaching millions of US dollars through his YouTube channel.
In this article, we will take a deep dive into the life of Ben Armstrong. We will learn about his early life and personal challenges, career journey, investments, and many more. Also, we will find out just how much Bitboy Crypto’s net worth is in 2024.
Bitboy Crypto: Early Life and Background
Ben Armstrong (@benarmstrongsx) is a YouTuber, influencer, podcaster, and a renowned crypto enthusiast. He is popular for his hard work to educate the crypto community through his social media channel. Ben was born on October 27, 1982, in Atlanta, Georgia.
The crypto guru was once a bright student at Toccoa Falls College, graduating with outstanding grades. He furthered his educational career at Kennesaw State University, where he bagged a bachelor’s degree in ministry leadership in 2012. At present, the crypto influencer is divorced, but little is known about the cause and terms of the divorce due to his secrecy about his private life.
Ben Armstrong’s journey to explosive wealth-making began when he saw the potential in the cryptocurrency community, particularly concerning the Bitcoin asset. After graduating in 2012, Ben invested in Bitcoin, and although several hurdles characterized his subsequent results, he is currently a successful investor.
Ben Armstrong’s crypto trading success allowed him to diversify into other ventures, including establishing BitBoy Crypto on YouTube. But how did he become the rich dude he is today through YouTube podcasts? Does he have other wealth streams? We will answer these questions in a bit, but first, let’s find out Ben Armstrong’s net worth in 2024!
What is Ben Armstrong’s Net Worth?
In 2024, following BTC’s crazy bull run, Bitboy Crypto’s net worth took an upward jolt. Ben Armstrong’s net worth was projected to be around $30 million. Most of his wealth came from the success of his YouTube channel, BitBoy Crypto, in terms of affiliate marketing, promotional deals, massive following, and several other merchandise.
Note that the above value is a narrowed estimate of his net worth, as the exact figures are impossible to get. This is due to the elasticity of his wealth sources, major legal troubles, and his huge expenditure volume. Also, Ben Armstrong’s road to financial success was plagued by numerous junctures which dragged down his net worth to about $8 million. One major example was his fallout with a brand partner, HIT Network, over allegations involving doping and drug misuse.
Regardless, Ben Armstrong has bounced back, creating multiple income pools for himself, and one thing is certain: Ben Armstrong’s net worth of $30 million is something to wish for! Without further ado, check out the various wealth streams of the famous crypto analyst Bitboy Crypto that contribute to that amount. You’ll also learn about the controversies that saw BitBoy Crypto’s net worth dip to $8 million.
How Did Bitboy Crypto Make His Wealth?
At a point in his life, Ben Armstrong had to confront his drug addiction due to the dire effects it was having on him and his career. He underwent intense rehab and was able to set himself back on track, continuing his venture into the crypto space. Recall Ben Armstrong’s journey kickstarted in 2012, following his entrance into the crypto world.
His first investment was a staggering $5,000 in Bitcoin through a company named BitInstant. Unfortunately, Ben lost all his money when Mt. Gox, the principal exchange platform at that time, was hacked. This setback didn’t stop him, though.
Soon, he returned to crypto investments, but this time, with extra caution. After witnessing the speedy rise in Bitcoin’s price in 2013, Ben Armstrong decided to learn the art of trading and investing in the BTC asset. His decision is still celebrated as the main eye-opener for the American millionaire, as it opened the door to opportunities and was crucial to the functioning of his YouTube channel, BitBoy Crypto.
BitboyCrypto YouTube Channel
After about five years of intense learning and personal trading of Bitcoin and other cryptocurrency tokens, Ben Armstrong became a guru in the business. But rather than hoarding his knowledge, he decided to create a platform to share it with other crypto enthusiasts. This led to the establishment of his YouTube channel, BitBoy Crypto—a decision he will never regret.
The BitBoy Crypto YouTube channel was launched in 2018. The channel gives updates about cryptocurrencies, new trading information, market trends, regulations, and analysis, among others. Ben Armstrong was the channel host, and he combined humor, expertise, and finesse to lure thousands of crypto enthusiasts to his page monthly.
One feature I found amusing was the accurate hints and predictions of the market action of different cryptocurrencies. The channel also provided new users with the fundamentals of trading so they could start trading as soon as possible. Although BitBoy Crypto touched numerous cryptocurrencies, it usually focuses on Bitcoin and Ethereum or some of their altcoins.
Ben Armstrong’s YouTube channel boasts over 1.5 million subscribers, gathering thousands of interactions for each post before it was shut down due to a controversy we will discuss later. No doubt, a channel with this type of following will attract partnership deals and promotional offers from top companies all over the world. BitBoy Crypto is no exception and reports claim that considering its prestige, the channel charges between $50,000 and $100,000 for a single promotional video.
Therefore, the channel contributes largely to Ben Armstrong’s $30 million net worth; its estimated revenue totals about $60,000 monthly. BitBoy Crypto’s establishment led to the creation of numerous other ventures. Interestingly, they all – directly or indirectly – contribute to Ben Armstrong’s net worth. Let’s check out some of these innovations, shall we?
The BitSquad Community
This is simply a platform that allows users easy access to all firms that are connected to BitBoy Crypto. The community, hosted by Ben Armstrong, is growing by the day. It allows the American investor the avenue to make more money through subscription-based services, exclusive content on historical Bitcoin cycles, and merchandise sales.
The BitSquad Community grants users access to partner channels, such as BitBoy Bits, Frankie Candles, Around the Blockchain, HIT Network, NFT Alpha, and Blockchain Basement.
BitBoy Crypto Merchandise
Since BitBoy Crypto and Ben Armstrong have a huge following, it was only a matter of time before he launched his special merchandise. At the BitBoy Crypto merchandise, fans can showcase their passion for crypto by purchasing items that represent the brand or the crypto community in general. His item store features jerseys, hoodies, tees, fancy mugs, and many other representative gears.
This merchandise is also known as the HIT Merch Store, and it has contributed, in small, unpredictable volumes, to Bitboy Crypto’s net worth. For instance, reports claim that Bitboy sells mugs for $18 to $20, t-shirts for about $30, and jerseys for $50.
Partnering With CoinLedger
CoinLedger is one of the leading companies that offers numerous assistive services to crypto investors in order to manage their investments effectively. The company’s services include:
- IRS-complaint outputs.
- A refined knowledge base.
- Outstanding customer support.
- Ticket escalations to investors and CPAs.
CoinLedger’s easy-to-understand user interface, navigation speed, and wider scope of features make it attractive to new and old crypto enthusiasts alike. The firm also offers real-time exporting, normalized data across all exchanges, unified 1099 to 8949 forms, and exporting transaction reports. Its advanced user interface also allows users seamless access to powerful dashboards, unrealized gains and loss statements, and consolidated asset balances.
BitBoy Crypto partners with this company, ensuring that users who got into crypto through the investor choose wisely regarding supportive platforms like CoinLedger. As a form of compensation, CoinLedger pays Ben Armstrong special commissions for every new user, making the deal a win-win situation. In other words, CoinLedger gains more users through BitBoy Crypto’s numerous online followers, while the American entrepreneur earns monetary commissions, adding to his fat net worth.
BitBoy Crypto’s Authorial Career
Recently, Ben Armstrong tried to go beyond trading and YouTube podcasts, so he took up an authorial career. The successful crypto influencer wrote and published several books on cryptocurrency investing, earning from book sales and sponsorships.
Ben Armstrong’s most prominent book was titled “Catching Up to Crypto: Your Guide to Bitcoin and the New Digital Economy.” The book featured tips for successful crypto trading and investments, especially on BTC assets. The book was published in 2023 and has fetched Ben Armstrong a few stacks of dollar bills from book sales.
How Does Bitboy Crypto Invest His Money?
Ben Armstrong’s passion for crypto trading influenced his decision to spread a substantial percentage of his wealth into investing in several markets, projects, and tokens. Specifically, about 70% of his crypto portfolio goes back into investments, especially in altcoins, Bitcoin, and Ethereum. Gain insights into Ben Armstrong’s investing patterns below:
Bitcoin and Ethereum
Bitboy Crypto is a huge fan of Bitcoin and has identified its potential since he was introduced to crypto in 2012. He is an early adopter and has made massive gains following the coin’s success over the years. Although he has lost a lot of money in BTC holdings in the past, Bitboy still believes in the coin’s potential.
Ben Armstrong also invests in the Ethereum Blockchain, owning thousands of ETH tokens and boosting his wealth even further. He plans to invest about 30% of his crypto portfolio into Bitcoin and Ethereum, leaving the rest for altcoin investments.
NFTs
The American cryptocurrency millionaire noticed the growing relevance of non-fungible tokens (NFTs), so he also stepped into it. Bitboy Crypto has lots of NFTs, digital artworks, collectibles, and other unique virtual assets. This relatively new layer of investment has kept Ben Armstrong’s relevance in the crypto space. NFT trading also contributes to his $30 million net worth.
Altcoins
Bitboy Crypto has plans to invest huge sums in several altcoins. He even advises some of his podcast listeners to take note of the growing importance of altcoins in the crypto space and invest in anyone they prefer. Ben Armstrong plans to invest about 70% of his crypto funds into altcoins, such as Solana, Polkadot, Arbitrum, XRP, and Polygon.
Controversies and Scandals Surrounding Bitboy Crypto
Ben Armstrong is never short of two things: dollar bills and public controversies. He has faced allegations all through his career over cases ranging from scams, non-transparency, drug addiction, and so on.
In 2021, BitBoy Crypto was accused of plagiarism scandals relating to his YouTube content. Specifically, he was called out for stealing content from other crypto channels and passing it off as his own. As a result, his content and videos were criticized for providing little to no original market analysis and trading tips.
Another controversy began in 2022 when ZachXBT published evidence that Bitboy Crypto promoted several ICOs and NFTs that ended up failing. In the end, the projects lost over 75% of their value, causing thousands of investors to lose their money. Many criticized Ben, claiming that he was aware that the projects would fail and still promoted them.
Most importantly, in 2022, HIT Network—a company founded by Ben, cut ties with him due to drug abuse issues. They also accused him of causing physical, emotional, and financial damage to employees as a result of his constant doping. However, Ben Armstrong denied these claims and left the BitBoy Crypto channel for good. He started another YouTube channel called BitBoy, which has garnered over 117,000 subscribers as of early June 2024.
Conclusion
Ben Armstrong’s fallout with BitBoy Crypto definitely left a scar on his fame and prestige, but the American investor still ranks high on the list of rich crypto men. Only time will tell if his new YouTube channel will succeed like the previous one to meet up with his previous $30 million net worth. However, Ben Armstrong, popularly known as BitBoy Crypto, is currently worth $8 million and is still pursuing more dollar bills.
