# Peter McCormack: Drugs, Bitcoin & A Broken Britain

Page: https://stenobird.com/podcast/block-party-1365848/peter-mccormack-drugs-bitcoin-a-broken-britain
Text version: https://stenobird.com/podcast/block-party-1365848/peter-mccormack-drugs-bitcoin-a-broken-britain.md
Podcast: [Block Party](https://stenobird.com/podcast/block-party-1365848)
Published: 2026-03-17T16:51:27+00:00
Episode link: https://podcasters.spotify.com/pod/show/blockchainbylines/episodes/Peter-McCormack-Drugs--Bitcoin--A-Broken-Britain-e3gj5v3
Audio file: https://anchor.fm/s/35fda694/podcast/play/117069219/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-2-17%2F420212778-44100-2-beee1e4cd43e3.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/block-party-1365848/episodes/peter-mccormack-drugs-bitcoin-a-broken-britain
Duration seconds: 3402

## Resource

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

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/block-party-1365848/episodes/peter-mccormack-drugs-bitcoin-a-broken-britain/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/block-party-1365848/peter-mccormack-drugs-bitcoin-a-broken-britain.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.