Ben Armstrong is just one of the few social media out there Influencers who regret talking About cryptocurrency projects and their promotion.
Ben Armstrong feels bad about past endorsements
Armstrong has been involved in this practice for years. He is one of the most popular influencers on YouTube. At the time of writing, he has over 1.5 million subscribers and, for a long time, accepted payments from crypto companies and projects who were willing to offer cold, hard cash if he could say a few words here and there about them on his channel.
Now, Armstrong has a crisis of conscience and has shied away from talking about cryptocurrency because many of the projects he promoted turned out to be fake or not so good. Many of his viewers had to endure terrible and ugly losses after investing their money in the companies or projects he talked about, and he doesn’t like that on his track record.
One example of a faulty upgrade involves a company he was working with called DistX. During his promotions for the company, he referred to the company as his “most trusted currency.” However, the plot turned out to be a fraud. The team involved in the project got involved in pulling the rug, and many of its viewers lost tons of money in what turned out to be a fraudulent investment. It was a sad sight, and Armstrong had a lot of guilt about the situation.
He said in a hadith:
I hate it when we talk about things that don’t work well.
Things were going well for him financially. He stated that sometimes, he would get as much as $30,000 for just doing one upgrade. However, it was not uncommon for him to receive up to $100,000 per month for engaging in cryptocurrency promotions.
However, he has since used a lot of the money he earned through these activities to refund all his viewers who might have lost money on the projects and coins he promoted. While Armstrong is now turning his back on the ever-growing world of crypto marketing, he says many other influencers continue to accept payments and cash to engage in false promotions, he is concerned about the amount of illicit activity going on in the space.
Not everyone is honest
Armstrong has also been very clear in many of his videos about how much he gets paid and that he was not a financial advisor. However, Joe Rotunda – director of enforcement at the Texas State Securities Board – says many other influencers don’t follow the same protocols. He stated in a statement:
We have to identify the scams out there, especially metavirus-related scams.
#Ben #Armstrong #feels #guilt #crypto #shows