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 ?
Bitcoin addresses are 'anonymous,' but they provide no privacy if they can be connected to a real-world identity. As a result, the majority of cryptocurrencies are pseudonymous rather than anonymous.