Well, we all love Bitcoin because of it's decentralized nature but it's a truth that day by day it's getting more centralized and that's something Satoshi feared as well, but that's how thing work in this world. If we do some calculation then we understand that most of the Bitcoin is now in the hands of the people who believe in centralized systems rather than in hands of those who believe in decentralization.
I know Satoshi owns a good chunk of Bitcoin but he/she/ isn't with us and has given Bitcoin to the community. And, that's also true that now people consider Bitcoin more as a store of value and they really doesn't care much about its decentralization feature. Something like that helped Bitcoin to grow so huge in value, and most of the community that's outside this forum wants Bitcoin to be as centralized as possible.
I know Satoshi owns a good chunk of Bitcoin but he/she/ isn't with us and has given Bitcoin to the community. And, that's also true that now people consider Bitcoin more as a store of value and they really doesn't care much about its decentralization feature. Something like that helped Bitcoin to grow so huge in value, and most of the community that's outside this forum wants Bitcoin to be as centralized as possible.
I do think that BTC remains the same, it's just getting adopted around the world, and it is non-avoidable that bigger institutions wouldn't smirk their assets into it.
After all, what ETFs are for?
And the reserves.. They are for said entities, not for the betterment of BTC, but they are pushing the usability and adoption of BTC through their legal fields.