Replying to Avatar Liberty Farmer

The dollar isn't involved in euro/BTC or yen/BTC or gbp/BTC.

However, people in the UK use actual pounds to buy Bitcoin, and get XX amount of Bitcoin. No dollar rails are used.

Now that being said, I'm not sure if coin gecko or Google or whatever are actually using local markets or just using dollar pairs then converting.

Gold is completely different than a large currency of course, because as far as I know there are no markets to exchange gold directly for Bitcoin. No data.
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falsefaucet 7mo ago

Okay but the same issues arise with with each and every fiat currency pair right? Am i missing somethung

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Liberty Farmer 7mo ago

No, they have active markets. Gold doesn't.

It's like saying a taco costs $1 at Taco Bell today. There is active markets of those give a dollar for a taco.

Same with euros. People actively spend xx euros to get a taco.

Now, use gold. Nobody pays gold for tacos. We don't have real pricing of tacos in gold to use and compare.

You would need to use dollars per taco, and gold per dollar to compare.