"I buy into what Jack Dorsey says, not that I necessarily believe it's going to happen, but because I want it to be that way, that is so pure thinking," Wozniak told CNBC on Monday.
Wozniak bought bitcoin when it was $700, over $6,700 less than where the cryptocurrency was trading on Monday, according to data from CoinDesk.
He recently sold all but one bitcoin, saying that he only wanted to experiment with the technology and not be an investor. "The Woz," as he is often affectionately referred to, also owns two ether, the cryptocurrency associated with the Ethereum blockchain platform.
While Wozniak said that he may not necessarily believe what Dorsey predicted, he still called bitcoin "pure."
"Bitcoin is mathematically defined, there is a certain quantity of bitcoin, there's a way it's distributed… and it's pure and there's no human running, there's no company running and it's just… growing and growing… and surviving, that to me says something that is natural and nature is more important than all our human conventions," he told CNBC.
The cryptocurrency is not actually issued by a central authority, unlike traditional currencies such as the U.S. dollar. Instead, there is a complex mathematical and cryptographic underpinning to the blockchain, the technology that underlies bitcoin. The bitcoin network is maintained by a number of players and that is why it is often referred to as decentralized.