What to know:

• Bettors are giving a 99% chance that Donald Trump will pardon Ross Ulbricht in the first 100 days of his second administration.

• Elon Musk and Libertarian National Committee Chair Angela McArdle both posted on X that a pardon will happen soon.

President Donald Trump didn't mention bitcoin (BTC) during his inaugural speech and crypto was absent from his first batch of executive orders, but Polymarket bettors are confident a pardon for Silk Road founder Ross Ulbricht will be coming soon.