However, I'd be very careful with the statement "Bitcoin helps with financial privacy" <- I'd go as far as to say for 95+% of Bitcoin users this is not true, actually the opposite. As soon as you buy from a KYC exchange or get your identity linked in any other way with your BTC, you are more transparent than ever before.
That is not a direct influence of Bitcoin but from the use of 3rd party services. Bitcoin keeps you pseudo-anonymous, if you use an exchange and submit your private details, you break that anonymity yourself.
...Bitcoin is in-itself not private at all with its open-ledger and the complete visibility of all transactions ever made, including the funds sent and senders and recipients' addresses.
Addresses have no identity linked to them. Transparency does not break your pseudo-anonymity.
- Jay -