Key Points
- Researchers propose that Bitcoin’s creator, Satoshi Nakamoto, may have been liquidating funds from early Bitcoin wallets since 2019.
- Approximately 24,000 Bitcoins have reportedly been reactivated through periodic transfers, sparking speculation about Satoshi’s true identity.
A new theory has emerged suggesting that the elusive creator of Bitcoin (BTC), Satoshi Nakamoto, might not have disappeared as previously thought.
Satoshi’s Possible Activities
Researchers have proposed that Satoshi has been strategically liquidating funds from early Bitcoin wallets, moving significant amounts since 2019.
To date, around 24,000 Bitcoins have been reactivated via periodic transfers, with the latest transaction taking place on November 15th, involving 40 wallets and 2,000 BTC—equivalent to approximately $176 million.
This activity has reignited discussions about Satoshi’s true identity and the reasons behind these strategic transactions.
Unraveling the Mystery
Bitcoin research firm, BTCparser, shared an update on November 19th, shedding light on a batch of Bitcoin wallet addresses created in 2010. Each of these wallets, holding 50 BTC, remained inactive until their first “awakening” in November 2019.
BTCparser proposed that Satoshi might control these addresses, strategically selling portions while deliberately leaving the 2009 wallets untouched to avoid attracting attention.
If Satoshi is indeed behind the activity in the 2010 wallets, it would indicate a strategic effort to maintain anonymity. By avoiding the 2009 wallets linked to Bitcoin’s creation, Satoshi would minimize the risk of revealing their identity.
BTCparser concluded that Coinbase might hold clues to the seller’s identity unless intermediaries were involved in maintaining anonymity.
