Bitcoin is always going to show a clear path back to issuance, that's how triple entry accounting works & is one of the key innovations we need to prevent inflation & counterfeiting.

Some of the richest people in bitcoin are anonymous cypherpunks who quietly go about their lives. Providing liquidity for more private payment layers helps them as much as it helps others.

Privacy is still possible with traceable base layer txns. Moving money through other layers breaks the clear link to ownership onchain.