Ben ‘BitBoy Crypto’ Armstrong reportedly holds $80M in XRP, BTCS and SOL

Ben Armstrong, widely known as ‘BitBoy Crypto,’ is a prominent figure in the cryptocurrency space. Reports suggest that Armstrong holds a substantial portfolio, estimated to be around $80 million, primarily invested in XRP, BTCS, and SOL. His strategic investments reflect his confidence in these digital assets, reflecting the ongoing evolution and potential of the crypto market. He is, however, caught up in a legal dispute with his former partners from HIT Network over assets registered under their company’s name, which Armstrong insists are rightfully his. 

Bitcoin Spark (BTCS)

The unique Bitcoin Spark project is a solution to existing blockchain challenges. BTCS strives to improve TPS, increase node quantity for lower costs, and democratize mining and smart contracts integration. All these solutions are packaged in the Bitcoin Spark application running on a Proof-of-Process (PoP) protocol. PoP hosts a merger of Proof of Work and stake, forming an innovative solution to the crypto trilemma.

PoP democratizes the mining process by lowering the barriers to entry so that anyone can mine. The miners with excess device powers can rent to the network to be availed to those in need.

Bitcoin Spark practices fairness and inclusivity by onboarding everyone into the BTCS ecosystem regardless of their computation power or financial muscle. BTCS ensures fair distribution of rewards as it practices a non-linear distribution through advanced algorithms.

BTCS pursues an exciting ICO, currently soaring in phase six at $2.75 with an impressive 8% bonus. The ICO has attracted investors diversifying into the BTCS ecosystem, including crypto whales like BitBoy. During its Nov 30 launch, investors can realize a 393% ROI.

XRP Lawsuit

A landmark ruling was made in July on the long-standing XRP lawsuit, resulting in a partial win for Ripple against the SEC. It was also a significant victory for the broader cryptocurrency arena, but as expected, SEC appealed and is yet to be determined. The recent XRP lawsuit victory resulted in major exchanges relisting XRP, causing its price to double overnight due to increased demand. However, the lawsuit resulted in detrimental effects on XRP’s adoption and overall reputation. The legal battle has incurred significant costs for Ripple, with reported substantial legal bills totaling $200 million. Ripple’s CEO, Brad Garlinghouse, emphasized the importance of standing up to legal challenges, albeit at a high financial cost, suggesting it could be a positive move for the industry if Ripple ultimately prevails. XRP price has stagnated, looking for a catalyst to spark its rise as it pursues its mission to revolutionize global money transfers through fast processing, sidestepping RTGS.

Is Solana a good investment?

Solana (SOL) is a secure system that processes a high number of transactions using its proof of history mechanism, allowing up to 50,000 TPS while keeping fees low. SOL’s price fluctuated, surging in 2021 but declining in 2022 due to the FTX crash, market conditions, and regulatory uncertainties. However, 2023 holds promise for SOL, driven by recent partnerships and dominance in the NFT space. Currently, SOL’s price is around $19. Experts predict SOL’s price may reach approximately $30.07 by mid-2024, with potential for further growth in the years ahead. Despite facing a dip in value and operational issues in 2022, Solana is not dead but on a recovery path.

Learn more about BTCS and ICO here:

Website: https://bitcoinspark.org/