As for money owed by every single person and country in the world, the grand total is $215 trillion, with some 33% of it borrowed in the last decade.
Bitcoin is worth 1.38 trillion.
1.38/215= .00641
We are at .641% adoption.
Big moves ahead.
Discussion
Does it make sense to compare the value of bitcoin to the global debt, though? Global wealth is probably much less than the global debt. Mixing wealth with debt seems like such a fiat concept. Does that make sense?
FIAT money is debt. People font realize it because they killed the gold standard with x amount of USD floating around that was gold backed.
If they didn't have that there would be 0 USD until the US government issued a treasure bond and the Fed created the money out of thin air to buy it. Then the money would trickles out to the public via government spending. As the bond is paid off the money no longer exists. Proof.
Some of that money would make it into banks that with debt can also create money out of thin air. If $100,000 gets deposited into a bank the bank can loan out $90,000 to Joe Bob. Joe Bob buys said house and bank now has promisary note for $90,000 plus interest and can count that as an asset. Bobby Joe now comes in and wants to buy a house. Keul, here is the money that you need for your house the Fed gave it to use based on our collateral. That new money is debt and also came from no where.
So to confuse monetary wealth with debt in the current fucked up system we have is not really confusing things at all. The world currently runs on FIAT, wealth is currently denominated in terms of FIAT value for the vast majority of humans and all FIAT denomination is lnbc110n1pnqxhl2pp5zs4jrc54lg83dh0lwhx7mss953ckzhx08dvj76hkddz2mc0ceqwqhp58zwc7x7q7r4uxcp4d2cuw3m72wxyvzwfqjxq7epvgt9hy5mfs8gscqzzsxqyz5vqsp5hvqnw7lekjaulc3tsxyxzfkpd9cemadxa4xk2tuyvqyjdx4zt7nq9qyyssqxxgesyxrzancwdvh6r9swgt9vaagya7wryek463alp9uxy5s86w5qvk2ml6nrum4qr998vru0khn49j6zk5uj5l7tnx83alcxqw9kgqpyx42x2 debt.
Fair point but that's exactly what I'm saying. If we assume bitcoin will gobble up the global wealth, fiat debt will deflate because it has been folded so many times over itself like you said. If we tried to somehow pump global debt into bitcoin it would be a manifold double spend and couldn't be done, right?
I'm having a deja vu. I've read this conversation on stackoverflow way back. It didn't end well. We're talking about the same thing anyway essentially.