AMD Ryzen Threadripper 1950X is processor manufactured by AMD and launched in Q2 2017 . It's using sTR4 socket. It has 16 cores and 32 threads with clock of 3.4 GHz that can turbo clock itself to 4 GHz . This processor is used in Desktop devices and can consume up to 180 watts of power .
AMD Radeon RX 5600 XT is graphic card manufactured by AMD and launched in Q1 2020 . It's using PCIe 4.0 x16 bus type. It has core clock of 1130 MHz and 6144 MB (6GB) of memory . It supports DirectX 12 and OpenGL 4.6 . This graphic card is used in Desktop devices and can consume up to 150 watts of power .
This configuration has 1.0% of processor bottleneck . Everything less than 5% should not be concerned major bottleneck.
Processor bottleneck is worse, than graphic card bottleneck, because utilization of your processor will be on maximum and it will throttle other programs that are ran in background. Also you won't experience maximal performances that your graphic card offers.
You can resolve this by upgrading your processor or by downgrading your graphic card. Downgrading your graphic card doesn't make much sense and in that case is better to leave current graphic card in you computer.