Music Good afternoon, Michael Malis here. Let that be your welcome for the next hour. We have a very special guest on the show. Possibly the most overdue guest we've ever had. Peter McCormick, Peter used to host what Bitcoin did for many years. Now he has the podcast. Peter McCormick show you can find it everywhere podcasts are found.

Peter and I have a relationship that goes back years and it's a very unique one and when I actually treasure because I first met you in New York I did your show. And now whenever we cross paths in different cities I do your show again. And if people watch it back to back my friend Bridget Fettissey who many of you guys know has mentioned that if you watch our show Dumps to Fire it's basically the story of a woman slowly

being driven mad and for me watch it back to back my friend, Bridget Fettissey, who many of you guys know, has mentioned that if you watch our show,

Dums to Fire, it's basically the story of a woman slowly being driven mad. And for me, our first episode, I think you're kind of new to politics and all this and that. And you're this wide eyed, blue pill dude. And last week, a couple of weeks ago, when I was in the UK, I was in there. I came in ready to start yelling at you and you were just completely, uh, I would say

on my side and I was in the UK, I was in there. I came in ready to start yelling at you. And you were just completely, I would say, on my side. And I was very, very impressed by this. So we have a lot to talk about because I don't think people appreciate is there's so much, um, uh, froth whipping up a froth about politics in the States that a big part of me thought, okay, all this hand-growing about how bad the UK is, that's just, you know, people getting emotional or cloud chasing or engagement farming. And then I was there and I'm like, oh, they're not exaggerating at all. It's worse having seen with my own eyes than people are saying. But before we Before we get started, I was very, very pleased with your backdrop, which matches my chair perfectly. So you had a funny story about this. Well, so I bought this in Austin. I think it's called Jewel's Design Bar. So I went to the haircut. I was there for a, probably even interview in New York. And I went to get a haircut. And afterwards I was walking walking around the stores and I found this little homeware store that also had a bar. So I went in there, I was drinking whiskey and behind the bar was this picture. So I said can I buy it and they said yes, I think it's about that thousand bucks and they shipped it over. And so I put it up in here in my studio and then whenever I sit and do interviews it looks like I have horns. Yeah, I just leave it. I just take away my, now I'm like an evil fascist. I have my horns with me. So I have a, that's something that's a similar story. When I was in Boderam in Turkey, they have this bizarre, the seaside bizarre that everyone has all these stalls. And there was a woman and she wasn't unique. There were a few of these selling sea sponges. And they were in various sizes. And right over her head was a huge sponge. And I'm like, okay, how much is that? And she goes, it's not for sale. I'm like, okay, and I go back to the hotel thinking myself, well, that's not true. Like if I give her a billion dollars, I can buy it, right? So there's some number between a billion and zero where it's for sale. I got to figure out what this number is.

I'm telling this to the hotel the guy running it the manager and he goes oh you need a giant sponge just one moment and he reaches down under his desk and there's this Simpson's episode where Barney was basically dating Yoko Oh no when he was in the beach sharps the barbershop band. And Barney asked for his drink and Mogo's, what would you like?

And she goes, I would like a single plum floating in perfume served inside a man's hat and most goes,

okay, beer and man's, and he just picks it up and just under the counter instantly.

So he goes under his desk, right?

And goes...

And goes, here you go. And for years, this was the co-host on my show Nightshade. That's amazing. I'm convinced your house is just a museum. It is. It is where people come to see them. Yeah. Um, and I'm like, wait, wait, wait, why do you have this gigantic sponge? He goes because I just had a kid and we want to get a bath sponge for him. And my wife's like, oh, you got one that's too small. He's like, oh, okay. So as a joke, he got his sponges biggest his son, but it's just been sitting there. and he let me have it for free. And it took a path my luggage, and I was worried about,

because as much ases are people don't know. Like among those primitive animals, I thought, okay, crossing this borders, this is going to be an issue because there's a stopover and they didn't care at all. So it not only sits there right next to it is you'll see when you come to my place is a giant tumbleweed which is even bigger Because I'm a Texan so we need a tumbleweed. So what I wanted to talk to you about is by the way Peter Let's talk about this. Let's let's make fun of you first. Okay, let's do it. No, I I gotta look at my history. I was googling you for a picture for The local sports in. And I found an article you wrote. I think nine years ago, does this sound familiar? I mean, I've been writing on an off. It is. Let me read it a little bit to you, can I? Oh,'t know. Oh, God. That you wrote this. You ready?

What's the title?

Oh, I'll tell you the title.

Experience.

I made a million dollars in Bitcoin and lost it again. Oh, yeah, yeah. I got caught up in the hype and then the bubble burst. And here is the best part, Peter. This your picture, your arms crossed. I like your tattoos to be fair.

And you said, at the end of 2017,

Bitcoin had reached almost $20,000.

And my portfolio had ballooned to about $1.2 million. This is when I got a little out of control. But at the end of 2018, the bubble burst, Bitcoin's value fell. And he goes, I have sold most of my Bitcoin which is currently worth about $4,000 a piece. Yeah.

What a lease. You got rid of that scam. Do you know what, that was a funny year. So it was wild, man. So I used to work in advertising and I quit. I didn't know what was going to do myself, and I started just buying crypto currencies

and trading in the and buying and selling.

And I started with about 35 grand. And by the end of that year, I'd got it up to about 1.2 million. So I was like, I bought a watch and a car and I was flying through a class. And then it Christmas, my dad was like, you should sell some of this and buy some properties. And we were away and I was preparing to sell and I had my laptop, I had a glass of wine.

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