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Interview With Steve Schaeffer of MGT's Crypto Capital

by Dominic Marella

About Steve and MGT

In the oddest of places, Steve got started with bitcoin in a nightclub. After leaving Wall Street, he was invested in a Miami club where he noticed young “kids” coming in dropping more money than he would reasonably expect. They told him about bitcoin, and after a self taught weekend crash-course, Steve never looked back.

After building up a sizable private mining operation, he decided it was time to take it to the next level. Using the connections he made on Wall Street, he convinced Rob Ladd, CEO of MGT, that bitcoin and more specifically, mining, was the future.

Not too long after, MGT became the first public company to have a bitcoin mining operation. As the largest independent mining enterprise in North America, they are actively expanding the with a new facility in Sweden with the capacity to deploy 17,000 more machines.

MGT’s Chief Visionary, John McAfee, is infamously outspoken about his outlandish bullish bias on bitcoin. Steve takes a more conservative outlook, but is optimistic about MGT’s roll in the evolution of the bitcoin ecosystem.

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Interviews, webinars, blogs and other content on this website is provided as informational purposes only and should not be construed as specific investment advice. All opinions expressed by Dominic Marella and/or the Guests of any interviews on this website are solely their opinions and do not reflect the opinions of Icon Alternatives. You should not treat any opinion expressed by Dominic Marella and/or Guests as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Dominic Marella’s and the Guest’s opinions are based upon information they consider reliable, but not its affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. There is no obligation to update or correct any information provided on this website and stements and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Dominic Marella nor Guest’s guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on this website or on the show. Read the full Risk Disclosure here.

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