Thats a question we all would like to know. Has Bitcoin been finally sold out to big businesses, corporations, investment groups and even countries?? In the last few years these things have resonated louder than ever. Investment groups buying thousands and even millions worth of Bitcoin at a time, countries even making the once comical like currency its very own currency for everyday life. So the question once again is asked... Has Bitcoin Finally Lost It's Decentralization? Let us know of your thoughts and comments on this and thanks again.
The Bitcoin blockchain is not centralized, and no organization is controlling it. It is completely decentralized. But yes, Bitcoin price movements can light up the market due to some large institutional investors buying huge amounts of Bitcoin. But this does not mean that Bitcoin will lose its decentralization or independence.
Bitcoin uses a Proof of Work (PoW) algorithm, so no one has any control over it. If only censorship is introduced and enforced, Bitcoin will lose its decentralization and become centralized, but that would completely work against the purpose of Bitcoin.