Does Satoshi Nakamoto redeem money? Bitcoin whale movements raise questions

• Researchers suspected that Satoshi Nakamoto may have been behind the strategic liquidation of Bitcoin wallets since 2019.
• Bitcoin wallet activity in 2010 suggested calculated moves to protect privacy and minimize control.

Amid the ongoing intrigue surrounding Bitcoin (BTC)’s enigmatic creator Satoshi Nakamoto, a new theory has emerged. The theory is that Nakamoto may never have disappeared.

What is Satoshi’s reality?

Researchers believe that the creator has been secretly liquidating funds from early BTC wallets since 2019, strategically moving significant amounts.

To date, around 24,000 Bitcoins have reportedly been reactivated through regular transfers, with the last transaction taking place on November 15th.

There were 40 wallets and an incredible 2,000 BTC – worth around $176 million.

For comparison, these transactions involved consolidating funds into secure P2SH addresses before distributing them to modern, cost-efficient bech32 addresses.

This revelation sparked renewed speculation about Satoshi’s true identity and the motives behind these calculated moves.

In this regard, Bitcoin research firm BTCparser released an interesting update on November 19th that sheds light on a cache of Bitcoin wallet addresses created in 2010.

Each of these 50 BTC wallets remained inactive until the first “awakening” in November 2019. Dubbed the “Megawal 2010,” these wallets have sparked speculation about their ownership.

How did the researchers prove his point?

BTCparser suspected that Nakamoto could control these addresses by strategically selling portions of the supply while intentionally leaving the 2009 wallets untouched to avoid scrutiny.

As expected, this calculated pattern deepened the mystery surrounding Bitcoin’s elusive creator and his long-term intentions.

BTCparser said:

“My theory is based on money rather than personalities and leads me to suspect that the mysterious mega whale of 2010 may actually be Satoshi Nakamoto himself (or a member of the Satoshi Entity).”

However, he emphasized that it

“A theory, not a conclusion.”

The researcher noted that if Satoshi Nakamoto was behind the activity in the 2010 wallets, it shows a strategic effort to maintain privacy and anonymity.

By avoiding the more closely scrutinized 2009 wallets linked to the creation of Bitcoin, Satoshi minimizes the risk of revealing his identity.

Instead, the use of the 2010 wallets allows for discreet transactions while leaving the original holdings untouched, maintaining them as reserves, and avoiding unnecessary public or media attention.

This approach reflects careful planning and is consistent with Satoshi’s well-known focus on privacy and decentralization.

BTCparser concluded that Coinbase could have clues to the seller’s identity unless intermediaries are involved to maintain anonymity.