Is Bitcoin entirely anonymous? It’s common for people to say that in reality bitcoin is absolutely anonymous but are not knowledgeable enough to know that is pseudonymous . Bitcoin being pseudonymous rather than the assumed anonymous gives us an understanding that each user has a established public address. So that further tells us theoretically bitcoin address can be traced back using an IP address or an exchange account.
We should be more concerned about to what level or extent is bitcoin anonymous ?
Pseudoanonymous means it is not anonymous but gives the false perception that it is. However this was never the perception of anyone that has basic knowledge of IT and how the internet works.
This term means that Bitcoin is not anonymous and this term only has two values. ON and OFF. Either it is or it isn't anonymous, there is no high level of anonymity and lower level.