Peter McCormack, a British entrepreneur and broadcaster, is notable as the host of the What Bitcoin Did podcast and as the chairman of Real Bedford FC, a football club funded primarily through Bitcoin.
Early Life and Education
Born on October 31, 1978, in Reading, Berkshire, England, McCormack spent his formative years in Kempston. He attended Bedford Modern School and Bedford Road Lower School before pursuing Music Industry Management at Buckinghamshire New University, where he ultimately dropped out to embark on a career in technology.
Career Journey and Challenges
McCormack’s early career was rooted in media and advertising, serving as Commercial Director at Evolving Media in 2005 and later as Managing Director of Evolving Media Network in 2007. He transitioned to Rapier UK in 2009 as Head of Digital. In 2010, he founded Bantr.tv, an interactive football platform that ceased operations in 2015. McCormack's consultancy, McCormack & Morrison, co-founded in 2016, reportedly generated annual revenues of approximately £2.7 million.
In a pivotal moment, following the collapse of his advertising agency, McCormack began investing in Bitcoin, which ultimately reshaped his professional path. His entry into the crypto world took place in 2017 when he launched the What Bitcoin Did podcast to share insights about Bitcoin after initially writing about it on his blog.
Podcasting Success and Football Investment
The podcast quickly gained recognition, attracting prominent guests such as Coinbase co-founder Brian Armstrong and Ethereum co-founder Vitalik Buterin. In 2019, he expanded his media presence with the launch of the Defiance podcast, covering topics related to politics and economics, before consolidating his works into The Peter McCormack Show in 2025.
In 2021, McCormack purchased Real Bedford FC, an eighth-tier English football club, investing a five-figure sum. He has committed Bitcoin funding toward the club's player wages, marketing, and infrastructure, aspiring to elevate it to the Premier League.
Personal Life and Advocacy
Peter McCormack is candid about his past struggles, including challenges with anxiety and drug addiction, which impacted both his personal and professional life. His history of overcoming addiction has influenced his passionate advocacy for Bitcoin, focusing on its potential to provide financial freedom. He emphasizes honesty, accessibility, and curiosity in discussions surrounding cryptocurrency, making him a prominent voice in the sector.
