Social Media & Crypto Influencers Who Got It Wrong

In what may have been his most consequential failed tout, Armstrong was one of the most vocal supporters of crypto lender Celsius Network. He first talked about the lending platform in a 2018 project review video. “I do have faith in Celsius and I do believe it will be a successful project,” he said. In the March 2022 portfolio reveal video, he told his YouTube audience that the BitSquad held 25,000 of Celsius’ CEL tokens (worth over $83,000 at that time and around $23,000 as of press time).