Ben Armstrong on London Real: BitBoy Crypto, DeFi and Bitcoin

Ben Armstrong is a crypto YouTuber and author best known as BitBoy Crypto, the name under which he built one of the largest cryptocurrency audiences on YouTube. He bought his first Bitcoin around 2012, lost money in the early days, including in the Mt. Gox collapse, and went on to make videos aimed at helping newcomers avoid the same mistakes. He is the author of Catching Up to Crypto: Your Guide to Bitcoin and the New Digital Economy.

Brian Rose interviewed Armstrong four times on London Real, between June 2021 and December 2022. They covered DeFi and why he compared it to Bitcoin in 2012, how to take profits in a bull market and survive a bear market, the four-year Bitcoin cycle, the Ethereum Merge, and the collapse of FTX.

Each interview is listed below in order with a short summary.

Bio

  • Name: Ben Armstrong
  • Also known as: BitBoy Crypto
  • Known for: Crypto YouTuber and commentator on Bitcoin, Ethereum and DeFi
  • Books: Catching Up to Crypto
  • London Real appearances: 2021 to 2022, 4 interviews

Start here

How to Survive the Crypto Crash (2022). The fullest version of his market view: the four-year cycle, the Ethereum Merge and how to handle a bear market. For his own story, from early Bitcoin losses to YouTube, watch Is DeFi Now Unstoppable? (2021).

Every Ben Armstrong interview on London Real

  • Is DeFi Now Unstoppable? (June 2021). His first London Real interview: his own crypto story, Bitcoin maximalists versus DeFi, the three levels of custody, making money in a bear market, Cardano and how to spot scams.
  • Geopolitics, Adoption and Why DeFi Is the Future (September 2021). Taking profits in a bull market, why he called holding forever a lazy strategy, Gary Gensler and stablecoins, NFTs, and the contest between Ethereum, Cardano, Solana and other blockchains.
  • How to Survive the Crypto Crash: The Fed, Regulation and the Merge (September 2022). The 2022 bear market, the four-year Bitcoin cycle, why he saw the Ethereum Merge as the biggest event in crypto history, the falls of Celsius and Terra Luna, and his warnings about FTX.
  • Exposing Sam Bankman-Fried and Government Corruption in Crypto (December 2022). A live broadcast after the collapse of FTX, recorded after weeks covering the story from the Bahamas, on Sam Bankman-Fried, Gary Gensler, Binance and the crypto market after FTX.

Key ideas

DeFi now is like Bitcoin in 2012

Speaking in June 2021, Armstrong argued that getting into decentralised finance was like buying Bitcoin around 2012. He said DeFi could do much of what early Bitcoin supporters hoped Bitcoin would do, and that this worried the banks.

Take profits, do not just hold

In September 2021 he said that holding coins forever, whatever happens, is a lazy strategy. His advice was to zoom out, plan exits in a bull market and keep the discipline to take profits.

The four-year Bitcoin cycle

In 2022 Armstrong argued that the market was following the same four-year cycle seen before, and said Bitcoin has typically bottomed around the US midterm elections. He presented bear markets as the time when the real money is made.

The Ethereum Merge

Speaking in September 2022, he called Ethereum’s move from proof of work to proof of stake the biggest event in crypto history and said it would change the industry.

Watch out for scams

Across his interviews he warned newcomers that many projects are good but many people in crypto are not. He stressed doing your own research and understanding who actually holds your coins.

Books

Frequently asked questions

Who is BitBoy Crypto?

BitBoy Crypto is the name Ben Armstrong became known by on YouTube, where from 2018 he posted daily videos on Bitcoin, altcoins, DeFi and crypto news. In 2021 London Real introduced him as having more than 5 million followers across his platforms.

Who is Ben Armstrong?

Ben Armstrong is a crypto YouTuber, investor and author, best known as BitBoy Crypto. He wrote Catching Up to Crypto, a beginner’s guide to Bitcoin and the digital economy, and was interviewed four times on London Real.

What did Ben Armstrong talk about on London Real?

He talked about his early Bitcoin losses, DeFi, custody of crypto, taking profits, the four-year Bitcoin cycle, the Ethereum Merge, Gary Gensler and regulation, and the collapse of FTX.

Which Ben Armstrong episode should I watch first?

Start with How to Survive the Crypto Crash from September 2022 for his market view. Watch Is DeFi Now Unstoppable? from June 2021 for his background.

How many times has Ben Armstrong been on London Real?

Four times: in June 2021, September 2021, September 2022 and December 2022.

What is Catching Up to Crypto about?

Catching Up to Crypto: Your Guide to Bitcoin and the New Digital Economy is Armstrong’s book for beginners. It explains Bitcoin, the blockchain and why he believes money is moving to a digital economy.

What did BitBoy Crypto say about FTX on London Real?

In September 2022 he warned about FTX and Sam Bankman-Fried. In December 2022, after FTX collapsed, he returned for a live broadcast about covering the story from the Bahamas and attending Bankman-Fried’s first court hearing there.

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