Gabor Gurbacs, advisor to Tether Strategies and VanEck, said on the X platform that the Fed's logic for buying bitcoin over Treasuries is based on the fundamental difference between two assets: one that can be infinitely printed and the other that cannot. This is essentially a hard asset acquisition strategy, similar to what central banks do with gold. By moving away from freely printable Treasuries and toward fixed-supply bitcoin, the Fed aims to diversify its asset holdings and potentially protect against inflation and currency instability. In effect, it is a hedge against itself, and most central banks currently do so primarily by holding gold. Bitcoin is increasingly being included in the hedging portfolios of central bank portfolios.