Seeing big companies buying billions+ dollars of bitcoin, isn't it becoming too centralized. Could they centralize it if they own a lot of it's portion.
How can we defend against this process?
When it comes to centralization of bitcoin there are two aspects to focus and those are mining and the total supply.
If less number of miners acquire more mining power then it would increase the centralization and could possible lead to a 51% attack.
To tackle this, miners need to divide so that the decentralization increases among them.
If large institutions keeps on buying more bitcoins, it would happen that less people will hold more number of bitcoins.
This would increase the possibilities of market manipulation and to be honest, nothing can be done about this.
Bitcoin gives everyone freedom and some are leveraging their power to buy more bitcoin.