That being said, political influence on markets (e.g. via fiscal policy) is indirect and can take years to manifest.

https://fivethirtyeight.com/features/no-bill-clinton-does-no...

https://fivethirtyeight.com/features/dont-let-trump-or-any-p...

https://www.theatlantic.com/business/archive/2014/07/why-the...

Monetary policy, on the other hand, is immediate. Interest rates and treasury yields cause immediate movement in the economy because capital can be made liquid. It also has the potential to get really bad really fast, as we've seen with hyperinflation in Venezuela and Zimbabwe.

And specifically speaking to the merits of assets that are free from Fed/Treasury policy; if you had held a little bit of gold throughout the 2000s as a safety net, it'd have been much easier to weather the storm of the financial crisis than if you hadn't. People flock to safe haven assets to seek refuge from their country's policies when required:

https://news.bitcoin.com/venezuela-bitcoin-use-hyperinflatio...

https://www.coindesk.com/nigeria-bitcoin-adoption

Gold (and other comparable deflationary assets) are considered a hedge against fiat. Whether Bitcoin can also be seen as a comparable asset is the central question, but looking at the last 12 years, the ship has mostly sailed there.