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 ?
I believe that depends on where you are keeping your Bitcoins personally. Every wallet has different security and even exchanges have their own security. Bitcoin as a whole is something that we can use publicly with the public address that we can use and having the private key is the one thing that is keeping it anonymous. Cryptocurrency wallets and exchanges also provide the same type of situation so I guess those are the two things that really create if "Bitcoin is anonymous".