Dead humans. (Who didn’t manage to leave the coins to their heirs.)
Cryonically preserved humans hoping to use them later. (Including an obvious specific candidate.)
Humans optimistic enough about Bitcoin to think current prices are too low. (We know Nakamoto had resources, so it seems a safe bet that they could keep living on ordinary means for now.)
And the obvious: you don’t know that all of Nakamoto’s coins fit the standard assumed profile. It’s entirely possible they intentionally mined some with the regular setup and are spending a few from that pool.
Obvious kinds of humans include:
Dead humans. (Who didn’t manage to leave the coins to their heirs.)
Cryonically preserved humans hoping to use them later. (Including an obvious specific candidate.)
Humans optimistic enough about Bitcoin to think current prices are too low. (We know Nakamoto had resources, so it seems a safe bet that they could keep living on ordinary means for now.)
And the obvious: you don’t know that all of Nakamoto’s coins fit the standard assumed profile. It’s entirely possible they intentionally mined some with the regular setup and are spending a few from that pool.