If Bitcoins are centralised, then definitely the price will go down. It won’t be as demanding as it is now. Now as it controlled by a centre, so yes you won’t completely have the access to your funds or Bitcoins. They will imply many rules and regulations on the coin and finally it will be treated as an asset under the government. To understand better you can compare Bitcoins with Digital gold. This will be treated same like the digital golds.

Decentralization does not determine Bitcoin's value. It all comes from demand and supply. But as Bitcoin is decentralized and has many use cases, people are getting interested in it, thus the demand is increasing which is the key factor for its rising value. If Bitcoin ever become centralized, the value of it will suffer a lot. Knowing that someone else can control or manipulate your assets will make people less interested in it.
Where Bitcoin stands now, it is the perfect solution for centralization. Many people are here just for the money Bitcoin can give from investing. But those who are here for its real reason, they know how much decentralization means. If Bitcoin becomes centralized, governments will try to take control of it. Which is impossible right now. So yeah, Bitcoin will suffer but it will still have some value.

Decentralization is not the only factor that defines its value. More centralization or not, Bitcoin can still survive in the market and will certainly have monetary value. However, there may be a shift in the target audience and user base as the focus shifts.

Philosophical consideration is also an important angle. Some see Bitcoin as just a payment and store of value instrument, while others may find more insight into decentralization, financial revolution, or financial freedom. This perspective really depends on the individual and creates diversity in the community.

Decentralization does not directly determine the value of bitcoin, but it stimulates people's demand to increase, so it can be said that decentralization has indirectly created value for bitcoin.  if bitcoin wasn't decentralized it wouldn't appeal to everyone, so there wouldn't be demand and the price wouldn't go up like it is today.  so, it can be said that decentralization plays an important role in increasing the value of bitcoin.

Honestly, I believe that if bitcoin becomes centralized, people's interest in it will drop dramatically and its value will drop as well, although maybe decentralization doesn't play a major role in creating the volatility of bitcoin.

and that means, someone has the control over this currency. and that's the beauty of this top coin, no one can totally control its existence. thanks to satoshi for creating such coin. no one can manipulate even if they want to.
and this is the reason why the governments don't like this currency because there are some blindspots for them. they can't get a hold of all the transactions made on this network. they can get a hold from registered crypto-exchanges, but outside of that, they can't have the whole picture.

The worst-case scenario for bitcoin if it becomes centralized in the future is that people who want privacy will literally dump their coins on the market. The price will drop hard and it's also possible to lose a lot of interest about its real use cases.

So far I don't find the OP's question too important to warrant more attention - but some opinions have been encountered here. Bitcoin will remain decentralized - but governments will also succeed in making their users centralized by regulation.To be honest that I didn't think about those scenarios and I just focused more on saving energy on more important things based on my plan on bitcoin.

Of course, Bitcoin is still valuable. But Bitcoin will never be centralized since Satoshi designed it to resist political control. We are all aware that there are government officials who will take advantage of or even steal from people who have a lot of assets or money. That's why Satoshi Nakamoto created Bitcoin, so that authorities who want to stop someone they don't like can't. It also increases someone's privacy to malicious individuals looking for a possible victim.

Honestly, I don't have a single memory of the Libra you mentioned . But if bitcoin becomes centralized, it will be like ETH and BNB, so it won't be as much of a threat to the government as it is now. That's why I believe the government won't shut down if bitcoin is centralized.

The future is unpredictable, but with something getting bigger and bigger and as it spirals out of control, it's clear that manipulation will become more difficult now.


The bitcoin network cannot be manipulated but when it comes to the movement and price of bitcoin, manipulation is pretty easy. With a market capitalization of just over 500 billion USD, which is only equal to the assets of the top 3, or 4 billionaires in the world combined, even smaller than the capitalization of a technology company. So how can it be called mature enough to not be manipulated?

The value of bitcoin depends on supply and demand just like other assets, but when it is too small, manipulation is inevitable. There will still be self-interest groups that seek to manipulate the market for their own profit.

since the beginning of the current value of bitcoin was created due to the trust of buyers and also other parties and when bitcoin turns centralized of course that trust will be lost and people will switch to other crypto assets, apart from the loss of public trust in bitcoin the bad impact if bitcoin is centralized is vulnerability to manipulation, both by the government and influential people who live in this world. in conclusion, even if bitcoin becomes centralized, the price of bitcoin will still exist but the price will definitely be very easy to manipulate.