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Elon Musk Comments Positively on “Dogecoin Web69” In Context of Dorsey’s BTC Web5

Sat, 06/11/2022 - 08:45
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Yuri Molchan
DOGE fan Elon Musk has responded to Jack Dorsey as to what he thinks about building “Web69” based on Dogecoin
Elon Musk Comments Positively on “Dogecoin Web69” In Context of Dorsey’s BTC Web5
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As news has been spread about Jack Dorsey’s Block intending to focus on Web5 that will be based entirely on Bitcoin, some on crypto Twitter began making joking predictions that Elon Musk might want to build Web69 based on Dogecoin.

Here’s what Tesla boss and the most influential DOGE fan Musk thinks about this idea.

Jack is building Web5 based on BTC

User @wandrinstar tweeted about Twitter co-founder and its former CEO, Jack Dorsey, who is now completely focused on Block (formerly known as Square) and Bitcoin, starting to build Web5 based on the world’s flagship cryptocurrency as opposed to Web3, which many Bitcoiners believe to be centralized and being financed by venture capitalists. Among these believers is Jack Dorsey himself too.

Dorsey believes that Bitcoin will play a leading role in the evolution of the Internet, thus is making a bet on BTC as basis for Web5 as opposed to Web3 which intends to decentralize the Internet based on blockchain in general and on tokenization.

400 Million Dogecoin Bought by Whale as Price Nears Historic Support

Web69 based on Dogecoin vs Web5

Elon Musk, when tagged by former Twitter CEO, responded with a “fire” emoji as Dorsey asked him to make the next move and comment on a possibility of creating Web69 centered around the leading meme crypto DOGE. Apparently, he believes that should this ever be created, it would be awesome.

The term Web69 seems to be rooted in the ElonWeb69 (WEB69) cryptocurrency launched on BNB Chain.

However, Musk does not show interest to any cryptos, except for Dogecoin, Bitcoin and Ethereum – earlier he several times admitted that these are the only cryptocurrencies that he holds. Besides, for the past few months, DOGE has been accepted by Tesla for its merchandise in its online store.

Musk has also tweeted recently that soon SpaceX merch will also be available for Dogecoin.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at