Peter McCormack: Drugs, Bitcoin & A Broken Britain

Peter McCormack’s path into Bitcoin started in the most unlikely way possible, buying drugs on The Silk Road.Since then, he’s built one of the biggest podcasts in crypto, owned a football club, and become one of the loudest voices on money, politics, and the future of the UK. In this episode:0:00 – Intro 0:17 – How Peter got into crypto 1:09 – First Bitcoin purchase and discovering Ethereum 3:47 – Trading £30K up to £1.2M by end of 20175:23 – Starting the What Bitcoin Did podcast6:07 – Most memorable interview 8:30 – Real Bedford FC & investing locally9:07 – Political pushback 11:11 – Shifting focus to national restoration 13:48 – Questioning democracy 17:11 – UK political fragmentation19:00 – The UK's looming political choice21:23 – Attracting wealth back to the UK23:48 – Why Peter won't become an MP 24:56 – Designing a pro-crypto policy for the UK29:00 – The biggest threat to Bitcoin 32:00 – The crushing burden of taxes, regulation & bureaucracy33:00 – The Bitcoin/crypto hub of Europe37:07 – Deficit spending & inflation are stealing from your children38:17 – The state of the crypto market & the four-year cycle39:39 – Separating money and state41:20 – AI & the race to AGI43:00 – The age of abundance 45:00 – Bitcoin as the currency of AI agents52:17 – What the world looks like in 13 years53:17 – What Peter has learned about money

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Peter McCormack: Drugs, Bitcoin & A Broken Britain is an episode from The Blockchain.com Podcast by Blockchain.com.

This episode is 00:56:42 long.

This episode was published on Mar 17, 2026.

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