It's traceable in the sense you can see the transactions going into an address, but it's not traceable back to an individual in the same way that either bank tr

It's traceable in the sense you can see the transactions going into an address, but it's not traceable back to an individual in the same way that either bank transactions are via subpoena, or in the same way that you can "follow the cash" with money that has to be physically laundered. This is the traceability I mean - there is a reason that ransomware uses bitcoin rather than a PayPal account even though the transactions are in the ledger (because the transaction can't be cancelled, and even logging into the PayPal account could result in your physical location being traced unless you are very careful).