~snip~
I even believe that 90-95% of crypto investors today don't care about decentralization or privacy as much as they claim. All they care about is profit, cheap transaction fees, nothing more, and they are just trying to deny that.
If people really care about decentralization, privacy, they won't use centralized exchanges and invest in altcoins. But look, the trading volume on CEX is many times larger than DEX, which shows that decentralization has never been our top priority.
I bet even if bitcoin loses its decentralization but it still increases in price and makes huge profits, people will still be happy with that. They will only really leave if bitcoin is no longer profitable.
Over time, more and more people will use decentralized exchanges instead of centralized ones. But one question arises. Are decentralized exchanges truly decentralized if they comply with all regulatory requirements and do not allow users from countries on sanctions lists to access their services? It seems to me that these are far from decentralized exchanges.
If Bitcoin loses its decentralization, it will be no different from Ripple or BNB. I believe that investors and institutions will then lose interest in Bitcoin.