- Researchers theorized that Satoshi Nakamoto may have been behind strategic Bitcoin wallet liquidations since 2019.
- 2010 Bitcoin wallets’ activity suggested calculated moves to preserve privacy and minimize scrutiny.
Amid the ongoing intrigue surrounding Bitcoin’s [BTC] enigmatic creator, Satoshi Nakamoto, a new theory has surfaced. The theory suggested that Nakamoto may never have vanished.
What is Satoshi’s reality?
Researchers proposed that the creator has been covertly liquidating funds from early BTC wallets, strategically moving significant amounts since 2019.
To date, approximately 24,000 Bitcoins have reportedly been reactivated through periodic transfers, with the most recent transaction on the 15th of November.
It involved 40 wallets and a staggering 2,000 BTC—worth around $176 million.
For context, these transactions included consolidating funds into secure P2SH addresses before dispersing them to modern, cost-efficient bech32 addresses.
This revelation reignited speculation about Satoshi’s true identity and the motives behind these calculated moves.
Remarking on the same, on the 19th of November, Bitcoin research firm BTCparser shared an intriguing update, shedding light on a cache of Bitcoin wallet addresses created in 2010.
Each of these wallets, holding 50 BTC, remained dormant until the first “awakening” in November 2019. Dubbed the “2010 megawhale,” these wallets have sparked speculation about their ownership.
How did the researchers prove his point?
BTCparser theorized that Nakamoto might be controlling these addresses, strategically selling portions of the stash while deliberately leaving the 2009 wallets untouched to avoid attracting scrutiny.
As expected, this calculated pattern deepened the mystery surrounding Bitcoin’s elusive creator and their long-term intentions.
BTCparser said,
“ My theory follows the money rather than personalities, and it leads me to suspect that the enigmatic 2010 megawhale might actually be Satoshi Nakamoto himself (or a member of the Satoshi entity).”
He, however, stressed that it was,
“A Theory, Not a Conclusion.”
The researcher noted that if Satoshi Nakamoto is behind the activity in the 2010 wallets, it demonstrates a strategic effort to maintain privacy and anonymity.
By avoiding the more closely scrutinized 2009 wallets linked to Bitcoin’s creation, Satoshi minimizes the risk of exposing their identity.
Instead, using the 2010 wallets allows for discreet transactions while keeping the original holdings untouched, preserving them as a reserve and avoiding unnecessary public or media attention.
This approach reflects meticulous planning, aligning with Satoshi’s well-known emphasis on privacy and decentralization.
BTCparser concluded by noting that Coinbase might hold clues to the seller’s identity unless intermediaries were involved in maintaining anonymity.
