Will you really believe it that fast? A claim without proof just because he told you he had been here for 3 bear markets? I have been here for the same amount of bears but it is possible something may change. It is possible this is the bottom and we won't see another bear.
It is possible that he is just scaring the hell out of you for you to dump it and give him an opportunity to buy at a cheaper price.
What he said is not very serious or he is not a good speculator because he only guesses the market conditions to relate to the previous bear market so not based on the latest market analysis, so his predictions about anything are not thought out or followed because it is very misleading and FUD.