Peter McCormack: Drugs, Bitcoin & A Broken Britain

Peter McCormack: Drugs, Bitcoin & A Broken Britain

Author: Blockchain.com March 17, 2026 Duration: 56:42

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


The crypto landscape shifts faster than headlines can capture, and Block Party exists to make sense of the motion. This isn't about surface-level news; it's a series of substantive conversations that trace the ideological and technological arcs defining digital assets. Hosted by the team at Blockchain.com, a company operating in this space since 2011, the podcast leverages deep institutional memory to frame each discussion. You'll hear from foundational builders and contemporary shapers alike, dissecting not just what happened, but why it mattered and how it connects to the next wave of innovation. The dialogue naturally explores the nuanced perspectives that often get lost in market chatter, focusing on the underlying dynamics of adoption, governance, and infrastructure. Listening to this podcast feels like gaining access to a candid roundtable where the past is analyzed for context, the present is examined with a critical eye, and the future is debated with informed speculation. It’s for anyone who wants to move beyond price talk and understand the philosophies, technical challenges, and human stories driving the entire ecosystem forward. Each episode aims to build a more complete, thoughtful understanding of a domain that is, by its very nature, constantly rewriting its own rules.
Author: Language: English Episodes: 50

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