Re: What will you do if Bitcoin hits $1m in the future?

If Bitcoin hits such price levels, many early adopters will become millionaires.

At this point of time, those holders who have bought it early and holds around 40+ btc are already millionaires today.
I'll sell but not all that I've got. That's going to be a very historical sale for most people and if we're planning to sell, the institutions are the first one to sell from that point.

and what will institutions sell for? so they can buy their stock back?

Profit and somehow a reserve through their entire business. Yes, they can play as keeping those sold bitcoins that they did. That's what they've been doing even in traditional stocks.
Just playing it from time to time but I guess for this time, they're all focusing for long term and the same as us, they have high price targets.