Joel Searby, who was a senior adviser to Evan McMullin’s independent run for president in 2016 and is now involved in building a third political party called the Forward Party, said that “there’s merit to the concept that a Liz Cheney candidacy would pull most from whomever the Republican nominee is.”

But Searby cautioned that “it’s so early, so many things are going to happen,” and that it is likely there will be other independent candidates for president in 2024.

“I have heard from multiple credible sources that there are at least three incredibly wealthy individuals exploring independent runs,” Searby told Yahoo News. “It’s not going to be, if Liz runs, ‘There’s your independent candidate!’ There is very likely to be a number of independent candidates.”

Any independent candidate would also have to confront the grueling reality of getting on the ballot in all 50 states. It’s a difficult, expensive and time-consuming process, and would likely be a clear early test of any grassroots enthusiasm for a Cheney presidential bid.