Block Party podcast

Peter McCormack: Drugs, Bitcoin & A Broken Britain

17/03/2026
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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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