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HomeBitcoinIs Satoshi Nakamoto cashing out? Bitcoin whale strikes raises questions

Is Satoshi Nakamoto cashing out? Bitcoin whale strikes raises questions

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  • Researchers theorized that Satoshi Nakamoto might have been behind strategic Bitcoin pockets liquidations since 2019.
  • 2010 Bitcoin wallets’ exercise prompt calculated strikes to protect privateness and reduce scrutiny.

Amid the continuing intrigue surrounding Bitcoin’s [BTC] enigmatic creator, Satoshi Nakamoto, a brand new concept has surfaced. The speculation prompt that Nakamoto might by no means have vanished.

What’s Satoshi’s actuality?

Researchers proposed that the creator has been covertly liquidating funds from early BTC wallets, strategically shifting important quantities since 2019.

So far, roughly 24,000 Bitcoins have reportedly been reactivated by way of periodic transfers, with the latest transaction on the fifteenth of November.

It concerned 40 wallets and a staggering 2,000 BTC—price round $176 million.

For context, these transactions included consolidating funds into safe P2SH addresses earlier than dispersing them to fashionable, cost-efficient bech32 addresses.

This revelation reignited hypothesis about Satoshi’s true identification and the motives behind these calculated strikes.

Remarking on the identical, on the nineteenth of November, Bitcoin analysis agency BTCparser shared an intriguing replace, shedding gentle on a cache of Bitcoin pockets addresses created in 2010.

Every of those wallets, holding 50 BTC, remained dormant till the primary “awakening” in November 2019. Dubbed the “2010 megawhale,” these wallets have sparked hypothesis about their possession.

How did the researchers show his level?

BTCparser theorized that Nakamoto could be controlling these addresses, strategically promoting parts of the stash whereas intentionally leaving the 2009 wallets untouched to keep away from attracting scrutiny.

As anticipated, this calculated sample deepened the thriller surrounding Bitcoin’s elusive creator and their long-term intentions.

BTCparser mentioned, 

“ My theory follows the money rather than personalities, and it leads me to suspect that the enigmatic 2010 megawhale might actually be Satoshi Nakamoto himself (or a member of the Satoshi entity).” 

He, nonetheless, harassed that it was,  

“A Theory, Not a Conclusion.”

The researcher famous that if Satoshi Nakamoto is behind the exercise within the 2010 wallets, it demonstrates a strategic effort to take care of privateness and anonymity.

By avoiding the extra intently scrutinized 2009 wallets linked to Bitcoin’s creation, Satoshi minimizes the chance of exposing their identification.

As a substitute, utilizing the 2010 wallets permits for discreet transactions whereas retaining the unique holdings untouched, preserving them as a reserve and avoiding pointless public or media consideration.

This method displays meticulous planning, aligning with Satoshi’s well-known emphasis on privateness and decentralization.

BTCparser concluded by noting that Coinbase may maintain clues to the vendor’s identification except intermediaries had been concerned in sustaining anonymity.

Earlier: Stablecoin surge fuels Bitcoin: Will the $100K barrier lastly break?
Subsequent: How Sui Community’s 4.6B transaction quantity shapes SUI’s subsequent transfer

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