Which source do you always use for getting latest crypto news ? It might help us getting the right news at the right time.
I have used few crypto news sites, none of them is perfect. They can be better than one another, but none is perfect. That is why it is good at times to use two or more different sources to get right information. When I started to post on this forum was when I knew news sites are not perfect at all. It is we that should just be very updated and not welcome all we saw on news sites.
I live in Pakistan and we have the currency PKR. Our currency is very much devalued against dollar in last two month but the bitcoin prices are not increasing with this ratio.
I still did not understand this.
For example, the price of bitcoin can be $50000, but being sold at $55000 or at times lower price due to certain reasons in a particular country at certain time. Maybe this is what you meant but relating it to local fiat. But the price in USD are also not the same.
Some people in some countries prefer to use their fiat, they convert their local fiat to bitcoin and bitcoin to fiat. If this is what they are exposed to, they can prefer to relate bitcoin to their local fiat directly.
But the most important is that fiat generally are centrally controlled and highly depreciative. Even if USD is more accurate or widely used by people, this does not change the fact that fiat are depreciative over long term.