Bitcoin-funded club wants to be bigger than Luton

A non-league football team owner of the Bitcoin podcast claimed they had endured three years of ridicule, but that “some people are coming round to it now” after three years of success.

Peter McCormack, who co-owns Real Bedford, said locally he wanted the club to be bigger than Kettering Town, then Northampton, then Milton Keynes, then Luton, “and ultimately to the Premier League”.

McCormack, who hails from Bedford – about 50 miles (80km) north of London – said the proposed merger with Bedford Town FC was “about the coming together of two clubs to achieve something for the town”.

Bedford Town are based at Cardington’s Eyrie and compete in the Southern League Premier Division Central.

Real Bedford play at nearby McMullen Park while remaining top of the division, Southern League Division One Central.

In April 2024, Gemini founders Cameron and Tyler Winklevoss invested $4.5m in Bitcoin (about £3.6m) in McCormack’s side and became co-owners.

According to McCormack, “Wrexham’s goal is the Premier League, and they are up to League One now, and they are supported by Ryan Reynolds and his wealth, but Cameron and Tyler Winklevoss are worth twenty times his net worth, and there are two of them.”

In ten years, McCormack said, “The short-term goal was always football league for the men’s side.”

We have three more promotions to do in seven years, which is ambitious, but we believe we can do that. “If we go up this year, that will be three promotions in three years,” he said.

Regarding the merger, he claimed Bedford Town was “waiting to hear back from the FA and the Southern League, do they approve it, and where they will position the team in the pyramid”” (pivot).

If it gets approved, McCormack said they would use Bedford Town’s ground that has a 3G pitch, which is” pretty cool “and” so we wouldn’t lose games due to the weather”.

He claimed that the merger must be finalized by the end of March in order for it to be ready for completion by the end of the season.