Journalist
Posted:
- Researchers theorized that Satoshi Nakamoto may be behind the strategic liquidations of Bitcoin wallets since 2019.
- Bitcoin wallet activity in 2010 suggested calculated moves to protect privacy and minimize surveillance.
Amid the ongoing intrigue surrounding Bitcoin [BTC] enigmatic creator, Satoshi Nakamoto, a new theory has surfaced. The theory suggested that Nakamoto may never have disappeared.
What is Satoshi’s reality?
Researchers suggested that the creator secretly liquidated funds from early BTC wallets, strategically moving significant amounts of money since 2019.
To date, approximately 24,000 Bitcoins have reportedly been reactivated through periodic transfers, with the most recent transaction on November 15.
It involved 40 wallets and a whopping 2,000 BTC – worth about $176 million.
For context, these transactions involve consolidating funds into secure P2SH addresses before distributing them to modern, cost-efficient bech32 addresses.
This revelation reignited speculation about Satoshi’s true identity and the motives behind these calculated moves.
In the same comment, Bitcoin research firm BTCparser shared an intriguing update on November 19, shedding light on a cache of Bitcoin wallet addresses created in 2010.
Each of these wallets, containing 50 BTC, remained inactive until the first ‘awakening’ in November 2019. Dubbed the ‘mega whale of 2010’, these portfolios have led to speculation about their ownership.
How did the researchers prove his point?
BTCparser theorized that Nakamoto could control these addresses, strategically selling off portions of the stock while deliberately leaving the 2009 portfolios untouched to avoid drawing attention to them.
As expected, this calculated pattern deepened the mystery surrounding Bitcoin’s elusive creators and their long-term intentions.
BTCparser said:
“My theory follows money rather than personalities, and it leads me to believe that the enigmatic mega-whale from 2010 could be Satoshi Nakamoto himself (or a member of the Satoshi entity).”
Him though stressed that it was,
“A theory, not a conclusion.”
The researcher noted that if Satoshi Nakamoto is behind the 2010 wallet activity, it is a strategic attempt to maintain privacy and anonymity.
By avoiding the more closely scrutinized 2009 wallets linked to Bitcoin’s creation, Satoshi minimizes the risk of their identity being revealed.
Instead, using the 2010 wallets allows for discrete transactions while leaving the original assets untouched, kept in reserve, and avoiding unnecessary public or media attention.
This approach reflects careful planning, in line with Satoshi’s well-known emphasis on privacy and decentralization.
BTCparser concluded by noting that Coinbase may contain clues to the identity of the seller unless intermediaries were involved in maintaining anonymity.