Mexican billionaire Ricardo Salinas Pliego (리카르도 살리나스 플리에고), chairman of Grupo Salinas, said bitcoin (BTC) should be viewed as a long-term asset like real estate.

On June 22 local time, cryptocurrency outlet The Crypto Basic reported that Salinas said in a recent interview that investors should stop obsessing over short-term price fluctuations and approach BTC as a store of value over decades.

Salinas' investment philosophy can be summed up as "accumulation and patience". "Someone who buys a house does not check the price of their home every morning," he said. "If you hold it after buying, its value rises over time. Years later, you discover belatedly that the house price has jumped sharply. Bitcoin is the same."

He also recommended making a habit of converting part of any received fiat currency into BTC instead of buying consumer goods. He advised investors to avoid reacting emotionally to day-to-day price moves after acquiring an asset and to focus on its long-term growth potential.

Salinas' remarks came as BTC prices swung sharply. BTC is currently trading in the $65,000 range, down about 47 percent from the all-time high of $126,198 set in October last year. When it fell from $82,000 last month to the low $60,000s, anxiety among short-term holders rose sharply.

Salinas has long been known as an ardent supporter of bitcoin. He has repeatedly argued that it is a superior store of value to fiat currencies, and said BTC accounts for about 70 percent of his investment portfolio. He has also shared an anecdote about urging his wife in the past to sell a house and buy BTC.