Once the government allows banks to accept bitcoin deposits, that’s good to say that bitcoin is slowly getting centralized because once bitcoin is already within the hands of the banks, then we can say that the full control of the owner is no longer there, and that creates bigger advantage for banks while its kinda a loss for us owners.
However, if this will be adapted in the future, I don’t think that we can benefit from this, but will only put our bitcoin at risk, as there could be future stealing just like what’s happening inside the centralized exchanges. I just hope we can realize the real purpose of bitcoin, and that is financial freedom from the government and the banks.
What about financial institutions, ETFs like Blackrock, FBTC, ARKB or public companies that represent their investors holding 3% of the bitcoin supply like MSTR? They are also centralized financial institutions. That also makes bitcoin more centralized and puts investors' bitcoins at risk. Why is no one talking and worrying about this? We even support and hope they invest more in bitcoin, but now we fear banks accepting bitcoin deposits and think that will make BTC more centralized?
Come on, admit it, most of us are just interested in profits, not many people care about the decentralization, privacy of bitcoin as we keep preaching.