Theory: This Is Loki, Not Cap : r/marvelstudios - Reddit
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A Reddit theory with 1.7K votes argues the mysterious figure isn't Cap at all — but Loki in disguise, and Thor's multiverse knowledge is the key clue.
Red Herring TheoryMisdirectionOccam's RazorNarrative Deception
Theory Briefing
- A Reddit post with 1.7K votes and 349 comments argues the figure widely assumed to be a Cap variant is actually Loki in disguise.
- The theory hinges on Thor already knowing about the multiverse, making a Cap variant appearance less surprising — and therefore less likely to be the intended reveal.
- Loki's established shapeshifting ability makes him a natural candidate when a character's identity is left deliberately ambiguous in Marvel storytelling.