If you are part of the crypto community then you must have heard of Ben Armstrong, one of a handful of influencers who have gained huge followings by offering advice on cryptocurrency.
In this review we are going to take a look at what Ben Armstrong is all about, his net worth and you can decide whether or not you should be following his advice as you navigate the crypto space.
It should be noted that as of 28th August 2023 legal action was taken to remove Ben Armstrong from the BitBoy Crypto company, therefore some of the information contained in our review may be outdated and we will look to update it as more information comes to light about the situation.
Before I start…
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Ben Armstrong Review, Net Worth & Bitboy Crypto
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Who is Ben Armstrong?
Ben Armstrong is a well-known investor, YouTuber, crypto enthusiast and founder of Bitboy Crypto.
Ben had originally been addicted to meth for several years until one day in 2007 when he walked straight into traffic while high and ended up in an altercation with police. He was admitted to the hospital before joining a rehabilitation center for 10 months in order to curb his addiction.
Once Ben got sober, he started getting his life together by starting a family and finding work as an addiction counselor. In 2012, Armstrong started using bitcoin to make purchases almost by happenstance and in 2013, he managed to sell six of them using the WiFi at a local McDonalds, netting to about $1,700. This would be worth more than $100,000 today.
In 2017, as the crypto market was cresting, Ben became interested in cryptocurrency professionally and in 2018, eventually decided to start making YouTube videos.
He founded the BitBoy Crypto YouTube channel in January of 2018 when he decided to go full-time crypto and focus all of his time and energy on empowering and advising people to find financial freedom through crypto-assets
His original idea was to make animation videos on the crypto space with BitBoy and Hodl (which means staying with an investment long term) as crypto superhero characters.
During this same period, there was the ‘Crypto Winter‘, a time when many of the crypto assets were suddenly very inexpensive and even though few were buying, Ben predicted that they would go up. This proved true later in 2020 and 2021, when coronavirus shutdowns brought people to the crypto community in droves and sent values skyrocketing.
Armstrong then started promoting a barrage of news videos that attracted a huge following of up to 1.44 million subscribers forming what is known as the Bitsquad. He even began to hire a few sidekick personalities and slowly got the nickname ‘Bitboy’. As his enterprise grew, Ben changed his location and bought a studio space near his home in Acworth, about 45 minutes north of downtown Atlanta.
Bitboy Crypto has now become a full on enterprise and has expanded to include a separate news division with a website, BitBoyCrypto.com. It has 70 part- and full-time employees, revenue in the millions and is dedicated to educating the public on Bitcoin and other cryptocurrencies.
Ben Armstrong recently released a new book, Catching Up to Crypto: Your Guide to Bitcoin and the New Digital Economy. In the book, Ben delivers an exciting and fresh new exploration of Bitcoin and digital currencies. He explains in detail what Bitcoin is, how it works and how and why we’re all transitioning to a digital economy.
Furthermore, he discusses the deficiencies of traditional fiat currency, how it’s commonly manipulated and how we can all benefit from adopting new, digital assets.
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What is Bitboy Crypto?
Bitboy Crypto is a cryptocurrency news platform started by Ben Armstrong in 2018. It includes a Youtube Channel with a series of videos on the crypto space by Ben and a website kn0wn as BitboyCrypto.com.
The platform is dedicated to educating the public on Bitcoin and other cryptocurrencies. It provides the latest crypto news, project reviews, and cryptocurrency trading advice. It also has a few partner channels such as Bitboy Espanol, Bitboy Bits, Frankie Candles, Hit Network, Meta Money and NFT Alpha.
BitBoy’s videos contain a variety of sensationalist content such as market commentary, news and interviews with other well-known or controversial people in the space. Some of them include HEX founder Richard Heart as well as John McAfee, TRON’s Justin Sun, Cardano founder Charles Hoskinson and NBTV’s Naomi Brockwell.
Bitboy crypto is said to be the largest crypto community on the internet with accounts on various social media such as Twitter, Instagram, Telegram, Tiktok and Discord with up to five million followers.
Other finance gurus who teach people about crypto include Tom Gentile and Paul Mampilly.
What services does Bitboy Crypto have to offer?
The Bitboy platform is a large enterprise with a variety of products and services such as:
Bitboy media
The Bitboy media includes youtube videos, news and podcasts. The podcasts are mostly just audio versions of the Youtube videos, which include market commentary and interviews with other people in the crypto space.
The news includes all things going on in the crypto world and advice on how to navigate the crypto market depending on the state of trading.
BitLab Academy
BitLab Academy is a section of Bitboy crypto that offers customized courses designed by industry experts, traders and researchers to guide you towards being a successful cryptocurrency investor. You can read my comprehensive, objective review of Bitlab Academy in here.
With BitLab Academy, you gain access to ongoing content, a VIP member-only community, trading signals and personal support throughout your crypto journey. The program also includes customized content to help beginners with their investments and has courses on DeFi and NFTs.
Furthermore, you have access to their beginner training indicator that allows you to easily follow up on crypto trading and help you to make the right decisions during trading.
The course costs $29.99 per month.
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Bitboy merch
The Bitboy Crypto platform offers a variety of merchandise for their followers and works in partnership with the Hit Network to market and advertise them.
The merchandise includes hoodies, T-Shirts, pants, and other accessories
The Bitboy Book
Ben Armstrong has released a new book called Catching Up to Crypto: Your Guide to Bitcoin and the New Digital Economy. In the book, you get to learn:
- How the blockchain operates
- The importance of decentralization, trust-less commerce and cryptographic consensus.
- Data on the origin of Bitcoin, as well as how it nearly died out and how it went on to take over the world
- How monetary and financial policy has been revolutionized by the introduction of Bitcoin and other crypto-assets.
It costs $27 to preorder the book.
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How to join BitBoy Crypto
To sign in to Bitboy Crypto for the latest crypto news and become part of the Bitsquad, all you have to do is search for their website and input your email address. Once that is done, you click the subscribe button and you become part of the community.
![Ben Armstrong Net Worth [Bitboy Crypto, News & Updates] 4](data:image/svg+xml;nitro-empty-id=MzM1OjE4OQ==-1;base64,PHN2ZyB2aWV3Qm94PSIwIDAgMTUyNiAyMjAiIHdpZHRoPSIxNTI2IiBoZWlnaHQ9IjIyMCIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj48L3N2Zz4=)
You will receive weekly email updates, promotions and exclusive crypto content as a member of the Bitsquad. You also have the option of texting Ben Armstrong from the website if you require any personal advice.
There is also the option of subscribing to his YouTube channel so as to get all the latest videos about the crypto world,
Is Bitboy Crypto Legit?
Bitboy Crypto is legit but there have been several claims of Bitboy crypto being a scam. Recently, Ben Armstrong has faced accusations of scamming and misleading his viewers, as multiple pieces of evidence have surfaced suggesting he’s failed to disclose the paid promotional content in his videos.
He has also been found to has a history of deleting videos featuring projects that wound up being a scam or whose price collapsed -99% or more. Most of them were deleted after a researcher had saved screenshots with evidence that the videos existed.
BitBoy Crypto’s advertisement prices were recently uncovered by Blockchain sleuth ZachXBT who pretended to have a project that he wanted to promote on BitBoy’s channel. According to his research, several of the ICOs and NFTs that BitBoy promoted have either ended up with zero bidders or have bids at less than 1% of what they were worth at the time of his promotion.
Furthermore, it was reported that even though they claim to rigorously vet all sponsors, representatives performed little to no due diligence when speaking with ZachXBT, simply stating their prices and asking for payment.
Zach also tracked the return on investment for every moonshot video that Ben made in 2021 and found that most of the coins and tokens showed significant losses, with some having gone negative by more than 75%. One of them even as much as 95.56%. He noticed that suspected paid promotions performed the worst for investors and none of the tokens rallied 100X as Armstrong originally suggested would occur.
Bitboy Crypto was also called out for promoting scams in a video in November 2021 by Youtuber Erling Mengshoel. Ben responded by filing a defamation lawsuit, claiming that he lost $75,000 due to Erling’s allegations.
Bitboy has also repeatedly failed to predict whether bitcoin’s price would move up or down and Zach’s findings prove that using Ben’s investment recommendations as a trading strategy will lose investors a significant amount of money
To add to that, Ben Armstrong has been caught plagiarizing other people’s content and stealing other people’s art to create and sell NFTs. Ben did not accept these claims but instead blamed his scriptwriter and claimed he was merely sampling the artwork when caught stealing.
All in all, despite the huge following, all the allegations against Ben and Bitboy crypto will definitely have you thinking twice before joining this crypto community.
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Bitboy Crypto Reviews
There have been a couple of mixed reviews on Bitboy Crypto. Here is what some people have to say:
The channel promotes fake cryptocurrencies
-It is a Ponzi scheme
-It is a get-rich-quick scheme Bitboy Crypto has denied all the allegations leveled against it.
It maintains that it is a legitimate business that deals in authentic cryptocurrencies.
Bitboy Crypto is a legit cryptocurrency dealer. They have been in business for over 4 years and have a large following on their youtube channel. They offer a wide variety of cryptocurrencies for sale and have a good reputation among their customers.
-Jessica Franzisca
Beware bitboy.top is a scam, I have a confirmed payment, but the site has timed out. Bitboy.top has the same address as the fraudulent Blockchain.com site, so you probably know what I’m talking about. If you want to lose money, cryptocurrency, ignore me.
-Lukito
This company hit me up and convinced me to get on board their services which I blindly did. They made me make pretty much financial commitments and still wanted more. I had to opt out when I started been in debts already. Not long I came across this company called Chasunah Ltd. They are a recovery company, I hired them and they helped me recover every cents I put in that goddamn company
-Bruce
Bitboy crypto seems like a crypto news anchor. He tries his best, but sometimes he gets way to emotional. But overall ive seen his show for about a year, and he knows his stuff i believe he has been in the crypto space since 2015 or 2017, But I’ve been in crypto since 2009. Although, didn’t initially invest until a few years later.
-Richard Encarnacion
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Conclusion
Though BitBoy Crypto has become quite a large crypto community, there are a lot of red flags about it that one cannot necessarily ignore. The platform has been found to promote various scams and fake cryptocurrencies.
Furthermore, they have faced accusations of plagiarism of content and most of the predictions Ben gives fail to yield results for investors.
Armstrong has denied all the claims against him. Despite all the negative comments, Armstrong states:
No matter how many haters there are — and I know I have a lot — I also have helped so many people financially. Which is why I do this — to help people
In conclusion, I would not recommend blindly following any crypto influencer’s advice without doing proper research first on the market and knowing how to navigate various cryptocurrency trading platforms.
Before you leave
If you’re tired of scams and want a real solution for making money online, check out my no.1 recommendation.
This is the best business to start in 2023 and made me over 27k last month alone:
Go here to see my no.1 recommendation for making money online
David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.