Ben Armstrong, the popular cryptocurrency influencer and founder of BitBoy Crypto, has set out to achieve what many in the industry have been striving for: the approval of a Bitcoin exchange-traded fund (ETF). In a tweet, Armstrong expressed his determination to accomplish this feat, referencing previous attempts by industry giants such as the Winklevoss Twins, Cathie Wood, and Blackrock.
Armstrong announced that he would be heading to Washington D.C. to push for the approval of the Bitcoin ETF. He stated, “Today, I’m heading to DC to push this thing over the finish line.” This move comes as Bitcoin surges past the $47,000 mark, fueled by growing excitement over the potential approval of a pioneering spot-based BTC ETF in the U.S.
But Armstrong doesn’t plan to stop there. He revealed his intentions to pursue the approval of an Ethereum ETF once the Bitcoin ETF is successfully approved. With aspirations to complete both approvals by mid-Q2 or even the end of Q1, Armstrong is fully dedicated to his mission, stating that there is “so much work to do.”
It’s worth noting that Armstrong’s relationship with BitBoy Crypto has been strained recently. In August 2023, the platform publicly disassociated itself from Armstrong. Additionally, Armstrong was involved in a controversial incident in September, where he live-streamed an alarming situation claiming that someone named Carlos Diaz posed a threat to his life. The livestream was interrupted by a police intervention.
Despite these controversies, Armstrong remains a prominent figure in the cryptocurrency community and continues to strive for new achievements. At the time of writing, Bitcoin was trading at $46,703.35, up 7% on Tuesday. The approval of a Bitcoin ETF would have significant implications for the cryptocurrency market, potentially attracting more institutional investors and increasing mainstream adoption.
As Armstrong embarks on his mission, all eyes will be on Washington D.C. to see if he can succeed where others have failed. The cryptocurrency industry eagerly awaits the approval of a Bitcoin ETF, which could be a game-changer for the market and further solidify Bitcoin’s position as a legitimate asset class.
