Ben Armstrong Announces End To Daily Crypto Shows, Admits To 'Burning $25,000 A Week'
Portfolio Pulse from Mehab Qureshi
Ben Armstrong, also known as 'Bitboy', has announced the end of his daily cryptocurrency livestream due to unsustainable production costs, revealing he was 'burning $25,000 a week' and facing legal fees of 'about $100,000 a month'. Armstrong, who gained popularity in 2018 and launched his own cryptocurrency, $BEN coin, in mid-2023, is also dealing with personal accusations and legal battles over the control of BitBoy Crypto.
February 01, 2024 | 4:33 am
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NEUTRAL IMPACT
Ben Armstrong's announcement of ending his daily crypto show due to high costs and legal issues may have a sentiment impact on the broader crypto market, including Bitcoin. However, as a cryptocurrency, Bitcoin's price is influenced by a wide array of factors, and the cessation of a single influencer's show is unlikely to have a significant direct impact on its price.
While Ben Armstrong's decision to end his daily crypto show might affect the sentiment of his followers and could have a minor ripple effect on the crypto community, Bitcoin's price is determined by a complex interplay of market dynamics, regulatory news, and global economic factors. The direct impact of Armstrong's show ending on Bitcoin's price is likely to be minimal and short-lived.
CONFIDENCE 70
IMPORTANCE 5
RELEVANCE 10