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?
You know that bitcoin is decentralized, but it also says whales control the price. Then what is meant by decentralization?
Decentralization will never get lost in the journey of bitcoin, because it is its nature and function. Whales or a group of them may be able to move the market, but not have complete control to make bitcoin go up.
Simply put, the whales also don't necessarily own 51% of bitcoin in my opinion, nor is there any guarantee that bitcoins are currently held on exchanges, especially after the FTX case left many people feeling apprehensive about holding bitcoins on centralized exchanges.