Would it be fair enough to assume that the project has failed, or failing?
90% of Bitcoin being held by an oligarchy of the elite, a cartel of banks, and by governments working together might turn Bitcoin into their "playground".
Not to mention that Satoshi hold so many coins and governments always sell Bitcoin in the auction if they seize crypto from criminal activities. In this case, 90% still far away from reality, if they buy bitcoin, people will gain profits through the process but doesn't mean they will control it, supply and demand will play the role.