Is it possible that Bitcoin will be regulated? And if it will be, then how would we know

I have heard stories, speculating that if someone holds 51% of the total amount of BTC they will have kind of a monopoly position and can make or break the coin alltogether. Is this true?
It is nearly impossible for anyone to "hold" 51% of all bitcoins and if they did it would mean little. It would cost 100s of trillions of dollars to buy 51%.