There is a new theory emerging amidst the ongoing mystery surrounding Satoshi Nakamoto, the elusive figure behind Bitcoin [BTC]. This theory suggests that Nakamoto may still be actively involved in the cryptocurrency space.
Satoshi’s True Identity: Unveiling the Reality
Recent research has put forward an intriguing hypothesis that the enigmatic creator has been discreetly moving funds from early BTC wallets, executing strategic transactions since 2019.
Reports indicate that around 24,000 Bitcoins have been reintroduced into circulation through these calculated transfers, with the latest one occurring on November 15.
This particular transaction involved 40 wallets and a substantial 2,000 BTC, amounting to approximately $176 million.
Interestingly, the funds were consolidated into secure P2SH addresses before being dispersed into more modern and efficient bech32 addresses.
These developments have reignited discussions on Satoshi’s true identity and the underlying motivations driving these deliberate movements.
On November 19, the Bitcoin research firm BTCparser provided an update shedding light on a cluster of Bitcoin wallets established in 2010. These wallets, each containing 50 BTC, remained dormant until they were first activated in November 2019. Referred to as the “2010 megawhale,” these wallets have sparked curiosity surrounding their ownership.
Validating the Hypothesis: Research Insights
BTCparser’s theory speculates that Nakamoto might be behind these transactions, strategically liquidating portions of the funds while leaving the 2009 wallets untouched to avoid attracting unwanted attention.
This calculated approach has added another layer of mystery to Bitcoin’s mysterious creator and their long-term strategy.
Speaking on this matter, BTCparser stated,
“My theory focuses on following the money rather than personalities, leading me to believe that the mysterious 2010 megawhale could be none other than Satoshi Nakamoto himself (or someone closely associated with the Satoshi entity).”
While emphasizing that this remains a theory and not a definitive conclusion, the researcher highlighted that if Nakamoto is indeed managing the 2010 wallets, it showcases a well-thought-out effort to maintain privacy and anonymity.
By steering clear of the more scrutinized 2009 wallets tied to Bitcoin’s inception, Nakamoto minimizes the risk of exposing their identity. Utilizing the 2010 wallets allows for discreet transactions while safeguarding the original holdings as a reserve, deflecting unnecessary public attention.
This strategic maneuver reflects meticulous planning in line with Nakamoto’s known emphasis on privacy and the decentralized nature of cryptocurrencies.