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.
Of course whales will not be able to control Bitcoins even though they have lots of Bitcoins, but it should be impossible for whales to hold lots of bitcoins up to 50% of the total in circulation because actually the one who really keeps the most Bitcoins is Satoshi himself who is the creator of Bitcoin.
What's more, Bitcoin is not a crypto asset that is centered on anything and in the Crypto industry, investors who store Bitcoin consist of many people spread all over the world, so it is impossible for Bitcoin to be influenced or controlled by a group of whales.
We should have been able to think that if bitcoin could be controlled, it wouldn't have been controlled and played with long ago, but in reality no one has been able to control it.