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International Business Times

Business

Marvie Basilan

Elon Musk, Libertarians Say Trump Will Pardon Silk Road's Ross Ulbricht, Bitcoin Climbs

Ross Ulbricht Elon Musk Donald Trump Bitcoin Barron Trump Angela McArdle United States

Donald Trump told the fringe Libertarian Party last year that he would free Silk Road creator Ross Ulbricht if elected. (Credit: AFP)

KEY POINTS

Bitcoin was up 1.6% after news of the supposed incoming pardon for the Silk Road founder
Angela McArdle said Trump's staff confirmed Ulbricht's pardon will be out as soon as Tuesday morning
Silk Road was considered the first 'real' use case for Bitcoin for purchases

U.S. President Donald Trump's team has reportedly confirmed that Ross Ulbricht, the creator of dark web marketplace Silk Road, will be freed, nudging Bitcoin's price slightly higher.

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