Ben Armstrong is a YouTuber, podcaster and crypto enthusiast. He made his name, running the BitBoy Crypto YouTube channel, covering the latest crypto news, coin reviews, and price predictions. As of 2023, BitBoy Crypto has a net worth of $500,000. At his peak, Armstrong was worth $25 million!
Armstrong was born in Atlanta on October 27, 1982 (40 years old). He attended Toccoa Falls College (a private Christian college) and Kennesaw State University. The YouTuber is married to Bethany Armstrong and the couple have three kids together.
With the rise of crypto, Ben’s channel really took off and grew to 1.45 million subscribers. Sadly, Ben got kicked out of the channel he started by HIT Network due to substance abuse issues and financial issues. The Bitboy Crypto channel has since rebranded to Discover Crypto.
The Atlanta native got started with crypto by accident in 2011. He had a ticket-selling business (Front Page Tickets) and the website he was using to advertise changed its payment options and only accepted Bitcoin. Ben ended up spending $10,000 worth of BTC to advertise on the platform.
During this time, he didn’t fully understand Bitcoin and missed out on seven-figure profits because he sold too early. When Bitcoin hit $20,000 in 2017, Ben invested more time into learning about the potential of blockchain technology.
Every few months, BitBoy openly shared his portfolio with fans. The value of his portfolio exploded in 2021 and was worth a staggering $28 million on October 15th 2021. In March 2022, he published another update showing his portfolio was worth $33 million.
He literally owned 100’s of tokens with Bitcoin, Ethereum, Cardano, XRP, Polkadot and Solana in his top six holdings.
Main holdings broken down:
- Bitcoin – $4.1 million
- Ethereum – $3.36 million
- Stablecoins – $2.4 million
- Cardano – $925,000
- XRP – $824,000
- Polkadot – $785,000
- Solana – $705,000
- Avalanche – $607,000
- Elrond – $669,000
- FTT – $437,000
Since March 2022, the crypto market has sold off heavily with LUNA crashing and FTX going out of business. Ben lost money as a result but did make some of it back through ad revenue. Currently, he makes around $4,000 to $6,000 per month from YouTube ad revenue.
Outside of crypto, Armstrong owned a Lamborghini Huracán Performante worth $350,000 but his former business partner, Carlos Diaz, now owns the car. At one point, Armstrong had $5 million in real estate spread across 7 properties but these potentially could have been sold.
Over the years, his business grew outside of uploading videos and ran an online merch store and academy (bitlabacademy.com). Due to his large following on social media, Ben sold advertising to make additional revenue.
Examples of advertising rates displayed on his website:
- Dedicated review – $35,000
- TikTok Ad – $25,000
- Livestream mention – $20,000
- Website article – $2,500
Despite once being worth millions, Ben’s wealth has taken a huge hit. In September 2023, he had to ask fans for donations to fight an ongoing lawsuit. To make matters worse, according to Reddit, he has also been cheating on his wife with Cassie Wolfe.
Ran Neuner from Crypto Banter reported that Armstrong was apparently paying his mistress Cassie $50,000 per month as an independent contractor using company funds. He also used company assets to secure personal loans.