The price of the flagship cryptocurrency Bitcoin ($BTC) could surge to $50,000 amidst a widespread financial crisis as short sellers fail and the cryptocurrency gains greater mainstream acceptance.

That’s according to Raoul Pal, CEO of Real Vision and a former Goldman Sachs executive, who during an interview with Anthony Pompliano noted that BTC could surge nearly 80% from its current levels in less than a year to $50,000, as short squeezes occur.