Elon Musk's growing influence is being highlighted by financial commentator Jim Cramer as President-elect Donald Trump prepares to take office.
Cramer pointed out Musk's role in shaping the political landscape and its impact on financial markets during an event in Brownsville, Texas, where both Musk and Trump were present for the SpaceX Starship rocket launch.
Cramer mentioned that the recent surge in Bitcoin, surpassing $100,000, reflects the increased volatility and speculative behavior in the markets, driven by the political changes in Washington.
He emphasized that Musk is "controlling the agenda," indicating that the intersection of technology and politics is creating an "alternative market of unreality" that investors should not ignore.
The relationship between Musk and Trump's administration is expected to influence various sectors as policy proposals and appointments unfold.