Would you say its probably 5 at the absolute minimum? I think the number is either 5 or 10. If btc hits 300k, that is 1.5 or 3 million dollars. After taxes, you would have 1 million or 1.8 million right?
So here's the scenario: btc hits $300k and you sell all 5 bitcoins you have thinking you are now a millionaire and set for life. A few years later that $1.5m is now worth $700k due to inflation, and the 5 bitcoins you sold are now worth $5m.
Do you see my point? I don't see this being a game to become a fiat millionaire
Fiat obviously isn't a good long term hold. That's where jerry0 has it wrong. But selling into the next bubble and using the fiat to put into real estate? That's something I could see for myself.
I never want to sell 100% of my coins but I also don't want to wait and hoard them forever either. Heck, I'm still renting an apartment. In some sense, you can't put a price on owning your own piece of land. That's something I'm willing to give up a few of my BTC for.
And this is why you won't be holding any when it crosses $1m. You will be just like most here with one of an endless number of excuses why to sell, sorry to say.
Just like few have the extra cash to buy one today, few are in a financial position or have the fortitude to hold for the rest of their lives and will them to their children. These are pretty much the only ones reading this who will be holding $1m+ bitcoins. Most sellers along the way, however, will all regret their sales, in time.