we all know no one can controls the bitcoin price because bitcoin isn't like bank, stock and valas. but if the whales owned 51% of bitcoin, can do it?. if happen, does decentralization not exist?
I think it's impossible if there is one whale that accumulates 51% of bitcoin supply, if possible it consists of several whales, but the position here is that whales don't want to lose, they always want profits and always want to buy at low prices.
So from that dynamic, the whales will always compete with each other to influence prices in the market, such as making Fud or other propaganda that causes prices to fall so they can buy the lowest price in each trend.
I guess talking about price will not affect decentralization itself because it's basically not about the price of bitcoin but about its utility.