By Jim Duffy
In a stunning announcement, one of the UK’s most prolific Bitcoin broadcasters this week declared himself “de-banked.”
Peter McCormack, who produces the “What Bitcoin Did” podcast took to Twitter in a flurry of tweets ensuring British banks knew exactly how he felt. In one outburst McCormack wrote:
“It’s time to discard the current banking system for good.”
McCormack is well known for his spirited advocacy of Bitcoin, His show is one of the most popular across the globe on all the usual podcast outlets. Touting his seven figures annual business, he laments having been turned down for business accounts on numerous occasions.
He wrote, “one bank turned me down because the company has Bitcoin in the title.”
However, the latest announcement by this UK domiciled Bitcoin evangelist came out of the blue as a shock. Caitlin Long, the Founder and CEO of Avanti Bank in Wyoming, a well known Bitcoin and cryptocurrency stalwart expressed her concern. She opined, “Wow, I’m hearing you’re not alone Peter – hearing anecdotal evidence in the past couple of weeks that de-banking of crypto may be happening again in the US too.”
The question is will banks now targeting high profile Bitcoin and cryptocurrency figures as this bull cycle heats up.
More to follow