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New Theory Links Satoshi Nakamoto to 2010 Megawhale Selling $176M in Bitcoin Since 2019

Nov 25, 2024, 12:45 PM

Researchers have proposed a new theory suggesting that Satoshi Nakamoto, the pseudonymous creator of Bitcoin, may not have gone dormant as previously thought. Instead, they allege that Nakamoto has been strategically liquidating a significant cache of Bitcoin from a 2010 wallet since 2019, while avoiding earlier wallets to maintain anonymity. This theory, discussed by BTCparser researchers, posits that Nakamoto could be behind the sale of approximately $176 million worth of Bitcoin. The theory raises questions about whether this behavior is a calculated strategy or potentially suspicious activity, with some speculating that Coinbase may have additional insights into the situation.