Yes. Anything could happen in crypto land, especially if there are a lot of haters (Banks, Governments, Companies, etc) that want to destroy Bitcoin's true value proposition. Depending on their interests (whenever it is political interests, economical interests, etc) they'll try to centralize Bitcoin, effectively destroying it in the future. We've already seen how big mining pools have had a negative influence over Bitcoin's decentralization, as the small miner (the average person) is left behind, while corporations with a lot of money able to afford expensive mining equipment, will be able to participate in Bitcoin's mining consensus.

As far as I know, Satoshi intended Bitcoin's mining process to become accessible to anyone in the world. In the whitepaper, it states: "One CPU, one vote", which clearly shows the whole purpose of Bitcoin which is decentralization. Considering how far ASICs have been developed mostly by a single company (Bitmain), I'm afraid that Bitcoin is heading towards the path of centralization as we know it. Unless further action is done by developers and the community itself to help decentralize Bitcoin, it's future will be such, where Banks and companies will control Bitcoin for their own benefit.

Nevertheless, I believe that if Bitcoin wants to remain decentralized, then it would need to adopt an ASIC-resistant algorithm, or simply change its mining protocol to avoid the creation of mining pools. Other than that, it'll become worse as it heads towards full centralization in the long run. Just my opinion