Bitcoin transactions are transparent to all users while providing some sort of privacy because it's no easy to know which address belongs to who unless they let you know or that person involved in KYC which was not aimed. Blockchain aimed to go anonymous so people would have freedom financially
Privacy provides freedom, but Countries citizen fight against freedom of speech and forgot that speech will not give wealth financially, We Are and must fight against financial freedom in a modern way as Blockchain do until we all involve in Bitcoin and general cryptocurrencies.
I guess Bitcoin sum poised decentralization rather than privacy. It is the symbol of community and not privacy that is why we have coins that are only for privacy purpose. If you are looking for privacy then you should invest in monero and other privacy centric coin.