Well to achieve this Steemit should grow a market cap the same as Bitcoin and then also increase it 9 times. Also, it should completely stop inflation.
You won't become a millionaire just by holding Steem. Use the platform and you will make money.
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If I was holding 1,000 steem, purchased at < $2 a piece and it went to $1,500 I'd become a millionaire? but yes, I'm using this platform extensively! thanks for your input.
You would, and even more :D, but as I said it will take a lot of time to get there if it even will someday.
I certainly think that it is quite possible to be a millionaire by holding Steem. There are people there now.