Peter McCormack Net Worth: Podcaster, Crypto Advocate, and Industry Disruptor

Peter McCormack, the British journalist and famous podcaster, has become increasingly successful and wealthy over the years. He hosts the popular “What Bitcoin Did” podcast, which has had over 7 million downloads since its inception. Thanks to the podcast, as well as his other endeavors, Peter McCormack’s net worth in 2025 is estimated at $10 million.

McCormack has quite a rich professional background, including diverse roles in media and digital marketing. In addition to his podcasting career, he is also the Chairman of Real Bedford FC, a football club in Bedford.

If you are interested in learning more about his wealth – as well as his most recent investments, keep reading.

Breaking Down Peter McCormack’s Net Worth in 2025

At one point, Peter McCormack disclosed at least some of his biggest earnings on his website. BusinessABC has shared some of the data from those reports, but they can’t be confirmed because they are no longer available. According to this source, Peter McCormack has been earning $71,000 a month through his podcasts, clearing $16,000 in profits.

In 2019, McCormack shared that he was far from a wealthy man. He lived in a four-bedroom, semi-detached house in Bedford Town and had a net worth of $150,000, below the national average.

Peter McCormack once claimed that he had lost $1.2 million from his Bitcoin investment, but we don’t know how much he has invested in crypto since (or how much he has sold). Given that he’s still an active member of the community and produces a podcast all about crypto, he most likely has crypto investments, but his portfolio remains a mystery.

However, our findings today show that McCormack is significantly wealthier today. His initial investment in RBFC was five figures, but he recently secured an investment by the Winklevoss brothers worth $4.5 million – for a 45% stake in the club. He still has the remaining 55%, which means that his current stake is worth around $5.5 million.

On top of this, McCormack has been earning $70-71,000 a month from his primary podcast, which adds to over $800,000 a year. Based on all this, we placed his estimated net worth at over $10 million.

Peter McCormack Net Worth: Early Life and Education

Peter McCormack was born on October 31, 1978, in Reading, Berkshire, England. He was raised in Kempston and attended Buckinghamshire Chilterns University College, studying music industry management between 1997 and 2000. In 2000, he dropped out of the program before graduating.

As a teenager, McCormack put out his own music fanzine with a couple of friends and made interviews with several high-profile people such as Korn, Biohazard, and Skunk Anansie. When he enrolled in college, he considered resurrecting it as a website, but he didn’t have the funds to invest in it. So, he spent the summer working in a pub for three British pounds an hour, learning to build his own websites at night.

This turned out to be a wise move as he was able to secure contracts for 1,000 pounds a week building websites. Soon enough, he had enough money to fund his web building, social media, and marketing agency, McCormack and Morrison, in 2007. In between, he worked several jobs, all of which we’ll discuss below.

Over the years, McCormack has been very open about his personal struggles, including his battles with anxiety and drug addiction. He was married once and shared that his marriage ended during a particularly challenging period in his life, stating:

“So, I used to work in advertising in London and we’d built this quite successful agency with 35 people in Covent Gardens… I was doing very well, got married, then my marriage broke like, fell apart three months in, and, uh, I was a mess and I stopped going to work and the agency collapsed. So, I took a year off work.” – he said on The Spencer Lodge Podcast. “We are nearly six years later, 666 episodes in, and I’m talking to you” – he added.

You can listen to McCormack’s story in his own words in the podcast below that he made with YouTuber Spencer Lodge.

Peter McCormack Net Worth: From Advertising to Making at Least a Million in the Crypto Community

McCormack has a rich professional background. He started in advertising before starting his own company. Later on, led by his passion for the crypto world, he started his famous podcast. Let’s see how he built his fame and fortune.

Career Beginnings in Media

McCormack embarked on his career in the media industry in 2005 when he worked as the Commercial Director of Evolving Media. He remained at the company for two years before he became the Managing Director of Evolving Media Network in 2007.

In 2009, he decided to leave Evolving Media to work at Rapier UK, where he worked as the Head of Digital. Rapier UK was a direct marketing agency.

Founding Bantr and McCormack & Morrison

A year later, McCormack was ready for a new challenge – and started his first business, Bantr.tv. Bantr.tv was a platform for interactive live football matches where users could place votes on their outcomes.

Despite the innovative concept behind this business, the platform didn’t gain widespread adoption and ultimately shut down in 2015. He remained his company’s CEO until its liquidation.

On his podcast and in different interviews, McCormack has often mentioned that this venture, as well as his second one, didn’t yield significant profits, but it indirectly contributed to his future success. While we don’t know how much he earned (or lost) from Bantr.tv, it is unlikely that he made much money from it.

In 2016, McCormack started McCormack & Morrison, a consultancy in partnership with Oliver Morrison that helps clients with “planning, strategy and project delivery.” McCormack was a partner at the company for nearly seven years, at the same time while he juggled his “What Bitcoin Did” podcast (2017 – today).

The web building, social media, and marketing agency grew to a turnover of 2.7 million pounds a year at its peak. In 2023, McCormack moved on to focus more on his crypto-related investments and his podcasts. He hasn’t revealed what exactly happened to McCormack & Morrison or how much money he made from the venture.

“Until 2016, I ran an advertising agency in London. At our peak, we were highly successful; I had a team of 35 people, a £3m turnover, and a Covent Garden office. When the agency folded, I decided to invest in bitcoin.” – he told The Guardian.

Starting the “What Bitcoin Did” Podcast

Peter McCormack tried several career paths before he became the famous podcaster behind “What Bitcoin Did.” After he discovered Bitcoin, he started diving deep into its many technicalities and emerging trends in utility and institutional adoption. He started writing blog posts, where he shared his thoughts on Bitcoin development and the crypto space in general. It was a few years later, in 2017, that he decided to transition from blogging to podcasting.

Peter McCormack was inspired to enter the podcasting role after discovering the Rich Roll podcast. He booked a flight, met the host, and asked, “I want your job. You basically get paid to talk to smart people every day. How do you do it?”. She advised him to buy equipment and take a podcasting course.

McCormack immediately followed through: “I ordered the stuff on Amazon the next day. I watched the course, I called Luke Martin, a crypto guy, and I’m like, ‘Can I make an interview with you?’ So, I made my first show four days later.”

Peter McCormack is especially transparent about his podcast and earnings. In 2021, in an interview with Cointelegraph, he mentioned that his podcast was earning $70,000 per month at its peak.

To date, his podcast has featured many high-profile guests, including crypto billionaires like:

• Brian Armstrong (co-funder of Coinbase)
• Changpeng Zhao (CEO of Binance)
• Vitalik Buterin (co-founder of Ethereum)
• Jack Dorsey (co-founder and former CEO of Twitter)
• Cameron and Tyler Winklevoss (co-founders of Gemini)

In 2021, the What Bitcoin Did show was downloaded 7.2 million times. Still, he was earning $16,000 in profit at the time. “We’re not rich, I don’t have a flash car, we don’t have a big house. But we have everything we need. Everything else is just like more stuff.” – he said.

Since launching his podcast, McCormack has become one of the most widely recognized commentators in the crypto world, especially among Bitcoin users.

Second Podcast, The Peter McCormack Show, and Other Projects

In 2019, Peter McCormack launched a second podcast he calls “Defiance”. This venture extends beyond just cryptocurrency discussions and also talks about politics, societal changes, and economics.

More recently, in 2025, McCormack rebranded his podcasting projects and combined them under “The Peter McCormack Show.”

In September 2024, McCormack announced the completion of his new studio, as well as the start of recordings for a new podcast series he created with co-host Danny. However, the specifics about this new podcast remain somewhat of a secret.

The studio is ready, Danny's flights are booked, and next week we’ll begin recording episodes for our new podcast.

I wanted to share the reasons behind this shift as many have been asking. Three primary factors influenced this decision:
1. I hate making remote shows—I never want… pic.twitter.com/Mwfci6eZrY

— Peter McCormack 🏴‍☠️🇬🇧🇮🇪 (@PeterMcCormack) August 28, 2024

McCormack has always had a passion for telling stories, leading him to start making documentaries and podcasts. While there are still two in the pipeline, he doesn’t seem to be much focused on them. However, according to CoinTelegraph, he has written a screenplay for a film he is considering developing.

Peter McCormack Extends His Work to the Premier League

In 2021, Peter McCormack spent five figures to buy Real Bedford FC. He has since invested heavily in the club, paying player wages, marketing, and funding infrastructure, much of which was funded through Bitcoin-related sponsorships.

In February 2025, McCormack secured a significant investment of £3.5 million from Tyler and Cameron Winklevoss, a pair of famous twins who invested in Bitcoin early on and founded the top crypto exchange Gemini. The Winklevoss twins invested this sum for a 45% stake in the club.

Seeing how McCormack was the sole owner of the team before this investment, that would mean that his stake of 55% today is worth around $5.5 million. He remains the chairman of the team.

Following the acquisition, McCormack announced that he would be buying 66.9 Bitcoin, bringing Real Bedford’s total Bitcoin holdings to around 82.7 BTC. The Bitcoin holding is earmarked for ongoing football-related expenses, and the remainder is allocated to the club’s treasury (this reflects a strategy similar to that of MicroStrategy’s Michael Saylor).

Football still doesn’t understand this. https://t.co/urHeKatBRy pic.twitter.com/hhyrtdYpXb

— Peter McCormack 🏴‍☠️🇬🇧🇮🇪 (@PeterMcCormack) July 22, 2024

McCormack is now on a mission to elevate the eighth-tier English football club to the Premier League. Under his leadership, RBFC has been profitable for the past two seasons, making major sponsorship deals and merchandise sales across 60 countries.

Additionally, Real Bedford is considering a merger with neighboring club Bedford Town to pool resources for their ambitious goals. If the merger proceeds, McCormack would assume the role of chairman of the newly combined club, with Jon Taylor and Ben Banks from Bedford Town continuing their work as non-executive directors.

The merger is still under consideration.

I’ve been speaking to @PeterMcCormack about plans to merge @realbedford & @BedfordTown.

Take a listen ⬇️https://t.co/94iuULVfgz

— Ollie Bayliss (@Ollie_Bayliss) January 28, 2025

Controversies and Legal Battles

Peter McCormack’s outspoken nature may have been quite profitable with his podcast, but it also landed him in a major lawsuit. Craig Wright, who claims to be Bitcoin’s pseudonymous founder, Satoshi Nakamoto, sued McCormak for libel after McCormack publicly refuted his assertion that he is Satoshi Nakamoto.

Wright has long claimed to be Nakamoto, but his claims have been criticized and frankly ridiculed by many in the crypto community, including McCormack and Vitalik Buterin. This is not an isolated dispute, as many other people have been suspected of being Nakamoto, including Nick Szabo, Dorian Nakamoto, Peter Todd, and Hall Finney.

On April 12, 2019, Wright filed a libel lawsuit claiming McCormack’s statements had damaged his reputation.

In 2022, the case was brought to trial, and Mr. Justice Chamberlain ruled that Wright had been libeled, but awarded him only £1 in damages, saying that it was a “deliberately false case.”

After this ruling, Peter McCormack sought the Worldwide Freezing Order to protect the money he believed he was owed from Dr. Wright due to his allegedly fraudulent claims, which included covering his legal expenses.

In the judgment from July 5, 2024, Mr. Justice Mellor granted a WFO, restricting Wright from dissipating his assets up to the amount of £1.5 million.

In January 2025, Wright was found in contempt of court for repeatedly bringing frivolous lawsuits based on his claim that he is Nakamoto. He was sentenced to one year in prison and suspended for two years.

Views on Political and Social Issues

McCormack has been quite vocal about his views on political and social issues, both on his social media channels like X and his podcasts. He has recently been tweeting a lot about Trump, criticizing his economic policies and discussing the ongoing conflict in Ukraine.

On several occasions, McCormack has also criticized Elon Musk, though his criticisms are generally centered around specific decisions rather than a condemnation of Musk as an individual. For instance, he has been vocal about Musk’s decision to invest Tesla’s reserves into Bitcoin and later reverse the decision. More recently, he has tweeted about Musk’s inflammatory statements related to the Ukraine-Russia war.

Peter McCormack’s Crypto Investments

Peter McCormack has been quite open about his stance on Bitcoin and other cryptocurrencies. His exact investments aren’t publicly disclosed, as can be expected, but he has shared some details about them over the years.

Have fun staying Standard & Poor https://t.co/REr9cCe59z

— Peter McCormack 🏴‍☠️🇬🇧🇮🇪 (@PeterMcCormack) February 24, 2025

He once shared that he made $1.2 million by investing in Bitcoin, but lost it all. In 2014, he winded up in hospital due to cocaine and was struggling with addiction for years.

Back in 2016, McCormack was a budding investor impressed by Bitcoin.

“At first I deposited £5,000; At the time, January 2017, bitcoins were about $600, so I bought seven or eight and spent the rest on other cryptocurrencies. But over the next few weeks, I became hooked and plowed in a large chunk of money – £23,000 in all… By the middle of spring 2017, my investment had risen to about $300,000, and by the summer, it was at half a million. At the end of 2017, bitcoin had reached almost $20,000 and my portfolio had ballooned to about $1.2m.” – he shared.

With his newfound wealth, Peter McCormack became more ambitious and started thinking of buying a local football club, Bedford Town, and spent 5 million pounds on the project. In the meantime, he indulged in extravagant spending on travel, dining, and gifts for family.

When the Bitcoin bubble burst in 2018, Peter McCormack watched his investment evaporate. However, he has expressed that he doesn’t regret the experience, sharing that he used Bitcoin as a cushion for his podcast business.

“I have sold most of my Bitcoin, which is currently worth about $4,000 apiece, to give me a cushion in case the business has a bad month. But if I had to choose between the $1.2m and the podcast, I would let the money go again – I love what I do now.” – he said.

Over the years, McCormack has partnered with many brands in the cryptocurrency sector. For instance, Compass Mining, a Bitcoin mining company, became the first official partner of RBFC.

Lessons to Learn from Podcaster Peter McCormack

McCormack’s versatile career highlights the importance of being persistent, especially when you face failure. Despite numerous setbacks in his early ventures like Bantr.tv, he kept learning from the experiences and applied his lessons to build greater success.

Whether it was losing money in Bitcoin or struggling in business, McCormack has often openly discussed his errors. He uses them as experiences to refine his strategies and grow, which has led him to make millions and achieve great fame in the crypto community.

One of McCormack’s most notable traits is his openness about his journey. This includes his struggles with anxiety, addiction, and financial setbacks. Such transparency is what helped him build trust with his audience and network – and create a strong personal brand in the process.

During a challenging period of his life, McCormack became heavily addicted, which led him to a breakdown. However, he turned his life around by confronting his addiction head-on. After he hit rock bottom, he recognized the need to change and worked hard to reclaim his well-being. He has since been very open about his journey to recovery, inspiring others to fight similar struggles and prioritize their health.

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