Is Satoshi Nakamoto cashing out? Bitcoin whale moves raises questions

  • 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.

As a seasoned crypto investor with years of experience navigating the volatile and often mysterious world of digital currencies, I find the latest theories surrounding Satoshi Nakamoto intriguing yet unsurprising. The idea that Satoshi may have been strategically liquidating Bitcoin since 2019 is not far-fetched, given the enigmatic nature of Bitcoin’s creator.


In the midst of the continuous mystery about who created Bitcoin (BTC), known as Satoshi Nakamoto, a fresh hypothesis has emerged. This hypothesis proposes that Nakamoto might not have disappeared at all.

What is Satoshi’s reality?

Investigators suggest that someone may be secretly draining funds from early Bitcoin wallets, transferring substantial amounts since 2019 in a strategic manner.

So far, around 24,000 Bitcoins are said to have been activated again through regular transfers, and the latest activity occurred on November 15th.

It involved 40 wallets and a staggering 2,000 BTC—worth around $176 million.

To clarify, these transactions involved moving funds into safe P2SH accounts first, followed by transferring them to contemporary, economical bech32 accounts.

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

On that note, Bitcoin analysis company BTCparser recently disclosed some fascinating news about a collection of Bitcoin wallets established in 2010.

Every one of these Bitcoin wallets stayed unused, containing 50 BTC each, until they became active in November 2019 – often referred to as their “first awakening”. Known as the “2010 megawhale”, these wallets have stirred curiosity and speculation regarding their ownership.

How did the researchers prove his point?

According to BTCparser’s hypothesis, it’s possible that Nakamoto could be managing these addresses, gradually disposing of some of the coins while intentionally leaving the 2009 wallets alone to dodge suspicion.

Just as anticipated, this calculated pattern has only served to further shroud the identity and future plans of Bitcoin’s enigmatic inventor in even greater secrecy.

BTCparser said, 

In my belief, I trace the financial trail instead of individuals, which makes me question whether the mysterious 2010 ‘megawhale’ could potentially be Satoshi Nakamoto himself or one of his associates.

He, however, stressed that it was,  

“A Theory, Not a Conclusion.”

The researcher observed that if Satoshi Nakamoto is linked to transactions in the 2010 wallets, it suggests a deliberate attempt to preserve confidentiality and keep identities hidden.

To keep their identity hidden, Satoshi chose not to use wallets that were under intense examination, which were associated with the inception of Bitcoin in 2009.

Rather than using the wallets from 2010, these enable secret transactions without disturbing the initial assets. This way, they act as a reserve, safeguarding them from unwanted publicity or media scrutiny.

From my perspective, this method embodies a careful, strategic design that mirrors Satoshi Nakamoto’s renowned focus on privacy and decentralization.

According to BTCparser, if intermediaries aren’t used to protect anonymity, the identity of a Coinbase user selling Bitcoin might be revealed.

Read More

2024-11-25 19:04