Peter McCormack is a British entrepreneur and broadcaster best known as the creator and host of the What Bitcoin Did podcast and the chairman of Real Bedford FC, an English football club he is funding with Bitcoin.
Who Is Peter McCormack?
Peter McCormack was born on October 31, 1978, in Reading, Berkshire, England, and was raised in Kempston. He was educated in the United Kingdom, completing his early schooling at Bedford Modern School and Bedford Road Lower School in Bedford, England. Following his secondary education, he attended Buckinghamshire New University, formerly Buckinghamshire Chilterns University College, to study Music Industry Management, though he later dropped out to pursue a career in technology.
McCormack has been open about his personal struggles, including battles with anxiety and drug addiction, and a marriage that ended early. He has discussed how a period of addiction led to a breakdown and the collapse of an advertising agency he had built, before he rebuilt his career through Bitcoin and podcasting. His path into crypto began in 2017, after a career in digital marketing, when personal financial challenges and curiosity about emerging financial technology led him to Bitcoin.
You can also find profiles of other figures shaping the crypto industry on our crypto personalities page.
Peter McCormack’s Career and Contributions
Peter McCormack’s career began in media and advertising. He worked as Commercial Director at Evolving Media in 2005, then as Managing Director of Evolving Media Network in 2007, before joining direct marketing agency Rapier UK as Head of Digital in 2009. In 2010 he launched his first business, Bantr.tv, an interactive live football platform that shut down in 2015.
In 2016 he co-founded McCormack & Morrison, a consultancy that reached a peak turnover of roughly £2.7 million a year, according to InsideBitcoins. He told The Guardian that when his earlier advertising agency folded, he decided to invest in Bitcoin, which set the stage for his next chapter.
McCormack launched the What Bitcoin Did podcast in 2017 after discovering Bitcoin and writing blog posts about it. The show grew into one of the most widely recognized crypto podcasts, featuring guests including Coinbase co-founder Brian Armstrong, Ethereum co-founder Vitalik Buterin, and Gemini founders Cameron and Tyler Winklevoss.
He then launched a second podcast, Defiance, in 2019, covering politics and economics, and in 2025 consolidated his shows under The Peter McCormack Show.
In 2021, McCormack bought Real Bedford FC, an eighth-tier English football club, for a five-figure sum. He has funded player wages, marketing, and infrastructure, much of it through Bitcoin-related sponsorships, with the stated goal of taking the club to the Premier League.
Peter McCormack’s Views and Positions
Peter McCormack is one of the most recognized Bitcoin advocates in podcasting. His approach centers on curiosity, accessibility, and honest storytelling, and he places a high value on free speech and community in building decentralized networks. He has been willing to question orthodoxy both inside and outside the Bitcoin space.
He has also been vocal about political and social issues on his social media, particularly on X and in his podcasts. He has at times criticized specific decisions by public figures, such as Tesla’s move to add and later reduce Bitcoin on its balance sheet. McCormack currently has over 615,000 followers on X.
Peter McCormack’s Net Worth in 2026
Peter McCormack’s net worth is estimated at $10 million as of 2026. The primary drivers of his wealth are his podcasting income and his ownership stake in Real Bedford FC.
McCormack has been unusually transparent about his finances over the past few years. He told Cointelegraph in 2021 that the What Bitcoin Did podcast was earning around $70,000 per month at its peak.
In 2019 he described himself as far from wealthy, reporting a net worth of about $150,000 at the time. Now that the football club is now a major component of his wealth, in February 2025, Cameron and Tyler Winklevoss invested £3.5 million for a 45% stake in Real Bedford FC, which implies McCormack’s remaining 55% stake is worth roughly $5.5 million.
His personal cryptocurrency holdings are not publicly disclosed. McCormack has said he made about $1.2 million on Bitcoin during the 2017 run-up and then sold most of it, partly to provide a cushion for his podcast business. How much he holds today is not known.
Peter McCormack in the News
Peter McCormack was the defendant in a high-profile libel case brought by Craig Wright, who has claimed to be Bitcoin creator Satoshi Nakamoto. After McCormack publicly disputed that claim, Wright sued him for libel in April 2019. In 2022, the court ruled that Wright had been libeled but awarded only £1 in damages, with the judge citing a “deliberately false case.”
McCormack later obtained a Worldwide Freezing Order restricting Wright’s assets up to £1.5 million. In January 2025, Wright was found in contempt of court for repeatedly bringing claims based on his Satoshi assertion and was sentenced to a one-year prison term, suspended for two years.
Frequently Asked Questions
Need a refresher on Peter McCormack? Here are the questions readers most often ask about him.
Who is Peter McCormack?
Peter McCormack is a British entrepreneur and broadcaster best known as the host of the What Bitcoin Did podcast and the chairman of Real Bedford FC. He launched the podcast in 2017 after a career in digital marketing and has become one of the most recognized Bitcoin advocates in the podcasting space.
What is Peter McCormack’s net worth in 2026?
Peter McCormack’s net worth is estimated at $10 million as of 2026, according to both Traders Union and Inside Bitcoins. The figure is driven primarily by his podcasting income and his 55% stake in Real Bedford FC, which is valued at roughly $5.5 million based on the Winklevoss twins’ February 2025 investment.
What is the What Bitcoin Did podcast?
What Bitcoin Did is a cryptocurrency podcast that Peter McCormack launched in 2017. It features interviews with developers, economists, and industry leaders and has hosted guests including Brian Armstrong, Vitalik Buterin, and the Winklevoss twins.
Why did Craig Wright sue Peter McCormack?
Craig Wright sued McCormack for libel in April 2019 after McCormack publicly disputed Wright’s claim to be Satoshi Nakamoto. In 2022 the court ruled Wright had been libeled but awarded only £1 in damages, calling it a “deliberately false case.” Wright was later found in contempt of court in January 2025.
What is Peter McCormack doing with Real Bedford FC?
McCormack bought the eighth-tier English football club in 2021 for a five-figure sum and is funding it heavily, much of it through Bitcoin-related sponsorships, with the goal of reaching the Premier League. In February 2025, the Winklevoss twins invested £3.5 million for a 45% stake. McCormack remains chairman.
Is Peter McCormack still hosting the podcast in 2026?
Peter McCormack brought on Danny Knowles as a co-host of the What Bitcoind Did podcast in December 2024, and Knowles has since taken on a larger on-air role. McCormack consolidated his shows under The Peter McCormack Show in 2025 and remains attached to the brand and the business.
