He made a fortune in millions by betting on cryptocurrencies, but his greed left him in ruin.
Peter McCormack jumped into the crypto world without technical knowledge or specific training. He bet heavily on Bitcoin and made huge amounts in just a few months. The problem was not winning, but believing he could multiply everything without any brakes.
He invested in dubious projects and diversified poorly. Instead of withdrawing with part of the profits, he doubled down. When the market crashed, his portfolio crashed with it.
What initially was a story of inspiration ended as a classic case of fleeting success. McCormack acknowledged this in interviews and turned it into a bitter but useful lesson for those closely following the world of crypto.
Far from disappearing, McCormack reinvented his path. He launched the podcast "What Bitcoin Did," which became a reference in the sector. From there, he interviewed key figures in the crypto ecosystem.
In 2021, he went beyond the microphones. He bought Real Bedford F.C., a football club in his hometown. He used his connection with Bitcoin to finance it and transform it into a platform for promoting digital currency.
Real Bedford not only moved up a league, but also attracted sponsorships, tourists, and international media. The club adopted the colors of Bitcoin and organized crypto events before each match. McCormack managed to unite two passions: football and technology.
Far from giving up, Peter took his biggest defeat as motivation to lead a different project, focused on community and cultural change.