EXCLUSIVE: From Bitcoin to BitBoy: A Crypto Story with Ben Armstrong

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BitBoy Crypto founder Ben Armstrong has seen success in the crypto industry, but it wasn’t a straight line up, he told the Benzinga Crypto Festival on Wednesday.

From Bitcoin to BitBoy: In 2011, he started a ticket business, but his ads were removed from the websites he used to sell tickets, Armstrong explained.

He discovered that he could continue to advertise if he used Bitcoin (CRYPTO: BTC). This was his first introduction to cryptocurrency, he said.

He started using Bitcoin as a currency, although he said he encountered many challenges with the process.

He spent around $ 10,000 in cryptocurrency to pay for his advertising services. If he had invested in Bitcoin as a form of digital gold rather than using it as currency, the $ 10,000 he had in Bitcoin would be worth “well above seven digits” today, Armstrong said. .

“The reason I should have had so much money at first, but I didn’t, is because I didn’t understand Bitcoin.”

In 2013, Bitcoin traded considerably higher, and Armstrong said the money he had in his Bitcoin account for payments had appreciated significantly.

He decided to sell at a profit to pay his bills and enjoy a family vacation, Armstrong told Benzinga.

In 2017, Bitcoin jumped to almost $ 20,000 and he realized that he had missed an opportunity to make incredible returns, he said. It was then that he decided to devote all of his time and energy to learning cryptography.

“Even though it is 2017 and I feel like I missed it, I feel like I’m late, I feel like I had the best opportunity and I am threw in, I’m going to dive deep into crypto. “

BitBoy Crypto is expected to reach 5 million subscribers on its social media platforms this week. Armstrong was named # 1 Bitcoin Influencer on YouTube.

BitBoy Crypto Tip: When it comes to people who are new to the crypto space, Armstong’s # 1 tip is to learn about crypto and find out how to get involved.

“Getting involved in crypto is the most lucrative thing you can do.”

Today, BitBoy Crypto’s mission is to empower people to find financial freedom through crypto assets. He compared his mission to those who sold the resources to gold miners during the Gold Rush.

The main takeaway from this crypto story is that “I didn’t understand what I was investing in,” Armstrong said.

“If you are going to invest in crypto, you have to at some level understand what you are investing in. You are not investing in three or four letter ticker symbols, you are essentially investing in crypto venture capital projects.”

Armstrong’s conclusion?

“You are always better off as an educated investor.”

Find the full interview here:

BTC Price Action: Bitcoin is up 64.51% year-to-date.

Bitcoin was up 1.40% to $ 47,652 at the time of publication.

Photo by Gerd Altmann from Pixabay.

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