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Bitcoin is traceable. This means that it does not provide privacy. Note that cash is also traceable in edge cases thanks to serial numbers.

Bitcoin is definitely anonymous. Consider: a wallet has no PII attached to it, beyond what you give it via transactions. Contrast this with a credit card, which typically has PII as an integral part of the way it operates.

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A bitcoin wallet without transactions is useless[1]. Transactions are how you put bitcoins into it, and how you use bitcoins to pay for things. If you create a wallet, but never use it to transact anything, it doesn't do you much good.

[The exception here being mining. I don't believe that you release PII as a miner, yet you bring in bitcoins.]

This is true. There are ways to transact which don't compromise your identity. They are a pain; it's a trade-off.

To your point at [1], I am not aware of any way which mining can compromise PII.

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