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    BTCparser Suggests Satoshi Nakamoto Has Been Quietly Selling Bitcoin Since 2019

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    A theory has been proposed by Bitcoin research firm BTCparser that Bitcoin creator Satoshi Nakamoto has gradually been selling Bitcoin from wallets created in 2010 since November 2019. Wallets from the year, each holding 50 Bitcoins, stayed dormant until a large-scale sell-off began two years ago. Under the new theory, Nakamoto has been selling without drawing attention to their identity by pooling the coins into a single address and then sending them to multiple locations. BTCparser added that crypto exchange Coinbase might know more about the originator’s true identity.

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    Some new speculation about the infamous Bitcoin creator, Satoshi Nakamoto, suggests that they may not have disappeared off the grid at all. Instead, they could have been hiding in plain sight, gradually selling Bitcoin from 2010 wallets since 2019.

    How did we get to this theory? Well, Bitcoin research company BTCparser discovered lots of Bitcoin wallet addresses created back in 2010. These wallets, each holding 50 Bitcoins, stayed dormant until something pretty wild happened – a large-scale sell-off began in November 2019. This mammoth move by the so-called “2010 megawhale” made the researchers wonder if these wallets actually belonged to the elusive Satoshi Nakamoto.

    According to BTCparser’s theory, Nakamoto might be the brains behind these wallets, thoughtfully selling off their Bitcoin stash and ignoring their 2009 wallets to keep the attention off them. And as the BTCparser pointed out, if Satoshi is indeed the owner of these 2010 wallets, it shows that they’ve put a lot of thought into protecting their anonymity.

    But how did Satoshi manage to sell all these Bitcoins without drawing attention to their true identity? Simple; they pooled the funds from these wallets into a single address, often used for escrow, before sending them to multiple ‘bech32’ addresses. These addresses have lower transaction fees and make better use of the blockchain’s space.

    The first Bitcoin sale from these addresses happened in November 2019, selling roughly $5 million worth of Bitcoin. The next sales, worth $6-8 million and $11-13 million, occurred in March and October 2020. Fast forward to a few days ago, we saw a whopping $176 million worth of Bitcoin sold. BTCparser suspects that whoever is behind these transactions, is gradually cashing out as the value of Bitcoin rises.

    Speaking of those transactions, BTCparser reckons that Coinbase, the cryptocurrency exchange that processed them, might know more about the true identity of this Bitcoin ‘megawhale.’ Unless, of course, they’re hiding behind some cunning middle-men.

    So, let’s add this to the never-ending mystery of who Satoshi Nakamoto really is. Previous theories have suggested figures like Peter Todd, Nick Szabo, Adam Back, and Hal Finney, but so far none of them have held up. Maybe this latest theory could be the answer we’re looking for… or just another wild goose chase. Only time will tell.

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