Peter McCormack seems to have finally realised his childhood dream of buying the Bedform Town Football Club. However, Peter has linked his new acquisition with Bitcoin. In fact, this very fact has brought the football club to the centre of attention of the Bitcoin community. Bitcoin is going through a really tough time. In fact, it has gone below the $22,000 mark. However, the bearish attitude of the investors is the prime reason behind the decline of the value of Bitcoin.
There are various formations for the Bitcoin Standard. One formation might be selling off all possessions and earning a living out of internet money. On the other hand, another formation might be sweeping every spare penny into Satoshis. However, Peter McCormack seems to have taken a very different approach. He bought this hometown football club and signed BTC on the team sheet. This is really an interesting move by the popular podcaster.
If you wish to know more about the move of Peter, then this article is the perfect stop for you. Keep reading the article to know more about the interesting issue.
Peter McCormack: What Happened?
Peter McCormack has always been a strong advocate of Bitcoin. However, he took his preference for Bitcoin to a whole new height after acquiring his hometown football club. He acquired the football club back in December 2021 and renamed it, Real Bedford. After that, he made Bitcoin the accepted payment mode for buying shirts, drinks and tickets on the ground. However, with the price of Bitcoin staggering below the $22,000 mark, the future of this decision has come under question marks.
However, Peter McCormack sounded positive during the first match of the team. He clearly stated that it has been his childhood dream to acquire his hometown football club. For those who do not know, Real Bedford competes in the Spartan South Midlands Football League. Therefore, the club presently rests six leagues below the English Football League.
As such, the club’s journey up the ladder is really tough. McCormack also seems to know that as he joked that as of now, the Premier League is a distant dream. However, what concerns the team the most is that Bitcoin Companies are sponsoring the team.
The brands including Casa, Gemini and Compass Mining are there everywhere from the billboards around the ground to the matchday kit. The present bearish trend of Bitcoin has landed these companies into serious trouble. Peter McCormack also seems to be aware of this fact. However, he sounded supportive as he stated that he would want these companies to sponsor the team again in the upcoming season.
The reaction of the fans to the billboards advertising Bitcoin companies has been a mixed one. Some fans seemed surprised at this decision of the club, while some other fans wanted to lay their hands on a few Bitcoins. However, most of the fans are concerned more about the role of the manager to put together a formidable team.
In fact, the preseason of the team had been really inspiring and at present, the team sits high up on the league table. Though Peter McCormack jokingly stated that more people attended the prematch Bitcoin meet-up than the real game, the bearish trend of the market should not be taken lightly.