Are Bitcoin Traceable?

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Bitcoin transactions are often considered pseudonymous rather than completely anonymous. While Bitcoin addresses do not directly reveal personal identities, all transactions are recorded on a public ledger called the blockchain. This means that anyone can view the transaction history associated with a particular address. However, tracing Bitcoin transactions to real-world identities requires additional analysis, such as linking addresses to known entities or using advanced tools. Overall, Bitcoin offers some level of traceability, but it is not inherently private.