You know the other day I started thinking about a somewhat crazy scenario? Like: what if the President of the United States decided to fire the head of the Federal Reserve? Yes, I know, it sounds like something out of a movie. But technically, in certain cases, he could try. And if it really happened, the consequences would be absurd.

The Fed, to be clear, is the one that controls the dollar, decides whether interest rates go up or down, prints money, in short: it keeps the entire American economy balanced. And it is independent precisely to avoid being influenced by politics. If this independence is compromised, trust is lost. And you know what happens? Investors start to flee.

Now, in a world that is going crazy, where the dollar is losing ground and people are starting to fear inflation, where do you run? If you’re into crypto, the answer is easy: Bitcoin. It’s decentralized, no one controls it, it can’t be “fired” by a politician.

Do you remember in 2023, when there was that banking crisis in the USA? Bitcoin rose 40% in two weeks. Why? Because people saw it as a safe haven. And in a scenario like “President vs Fed”, we could see something even more extreme.

Of course, there’s also the other side of the coin. If everything collapses, the markets — all markets — go haywire. Even Bitcoin could go up and down like a roller coaster. But in the long run, in my opinion, it would come out stronger.

And then there’s another interesting aspect: if the dollar wobbles, stablecoins tied to the dollar (like USDT and USDC) risk losing their appeal. In that case, we might see a rush for more “robust” stablecoins or even crypto collateralized in gold or commodities. Or, again, Bitcoin.

Bitcoin was created in response to a crisis (the one in 2008), so it would be somewhat the ideal candidate to become stronger if another one were to break out.

The US President firing the head of the Fed is a sci-fi political scenario… but not so impossible.