Summary
- The market reports that the probability of Ross Ulbricht's pardon surged to 92% following Elon Musk's tweet.
- It is reported that the likelihood of Ulbricht's pardon in the first week of Trump's presidency is considered high.
- It is noted that the market impact of this pardon news should be closely monitored.
The prospect of a pardon for the founder of the dark web Silk Road is rapidly gaining traction in the market.
According to the decentralized prediction platform Polymarket on the 21st, market participants are betting that President Donald Trump will pardon Ross Ulbricht, the founder of Silk Road, in his first week in office, with a 92% probability. The likelihood of his pardon was only in the 50% range earlier in the day but surged over about four hours.
Elon Musk's tweet is believed to have influenced this. Musk responded to a user on X (Twitter) saying, "Ross will be freed."
The dark web Silk Road was a place where drug transactions were conducted using Bitcoin (BTC). Ulbricht is currently serving a life sentence without parole for creating and operating the site.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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