Real Vision CEO Raoul Pal is updating his outlook on Bitcoin after a massive crypto rally amid US banking failures.

Pal says he expects the BTC price will rise to as high as $50,000, in part, from short selling squeezes, as people wrongly bet on the king crypto declining in value.

Pal also disagrees with a recent prediction by former Coinbase chief technology officer Balaji Srinivasan that Bitcoin will hit $1 million in just 90 days.

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