I'm here new have lot of queries regarding bitcoins, one of the main concern does bitcoin is privacy protected or not. As per my search bitcoin have less privacy. Each transaction is recorded on a distributed public ledger, i.e., on the blockchain, making users switch from bitcoin to other cryptocurrencies. People trust bitcoin because they have heard of a misconception that says bitcoin is a private system. But the reality is completely different, and users must understand that the bitcoin network is anonymous but not completely private.
This is just based on my search what does your experience said. Specially requested to senior members to elaborate this and help me out if I have mistaken.
Perhaps, back in the day when there were no surveillance companies that currently are known for profiting off by selling their subjective interpretation of who sends a transaction to who, and when there was no complete understanding of how blockchain works, some people had misconceptions about bitcoin being an anonymous currency. The reality, however, is slightly different because bitcoin is by default a transparent ledger, which keeps a permanent, unchangeable history of everything that occurred over the years of people making their transactions.
Today people have become more knowledgeable about the true nature and purpose of bitcoin, no one considers bitcoin an anonymous currency anymore. If you want to make anonymous transactions, use physical cash, but not a transparent and verifiable system with permissionless access for everyone, including those having nefarious agendas. If you have no other option but to use bitcoin, you need to make certain efforts and learn some techniques in order to make your transactions less obvious for outside observers.