Mexican company president: ”70% of my investment is in Bitcoin... never sell it”

A Mexican billionaire and chairman of a major business group has revealed that he has increased the proportion of Bitcoin in his investment portfolio to 70%.
According to Cointelegraph, on the 5th (local time), Mexican conglomerate Grupo Salinas (Grupo
Ricardo Salinas, founder and chairman of Bitcoin-backed cryptocurrency maker Salinas, said that 70% of his investment portfolio is now in bitcoin.
He first bought Bitcoin 12 years ago in 2010 for $200 each, and over the past four and a half years has increased his Bitcoin holdings by 10%.
"I'm essentially all-in on Bitcoin," he said in a recent interview with Bloomberg, adding that he plans to "spend the remaining 30 percent."
"I invest in gold and shares in mining companies. That's it. I don't have any bonds, I don't have any other shares," he explained. The 70% bitcoin portion is made up of shares held by Grupo Salinas.
According to data from Google Finance, GRUPO ELEKTRA SAB de
CV has a market capitalization of 75.15 billion Mexican pesos (approximately $3.64 billion, or 543.6 billion yen).
He called Bitcoin the most powerful asset in the world and emphasized the fixed supply of Bitcoin.
He recommended a DCA strategy. He said, "Buy as much as you can. Bitcoin has nowhere to go. It can only go up. Because Bitcoin is the most powerful asset.
"Even gold is not stronger than this. Gold is getting new production at about 3% per year. But Bitcoin is not like that," he said.
Don't sell the inn," he advised.