Despite 2022 being a tumultuous year for Bitcoin, it continues to dominate the headlines. Its maturity into a traditional asset class is evident simply by seeing its ticker symbol “BTC” displayed on popular morning finance shows and news sites. However, despite Bitcoin’s continued adoption, it continues to be a misunderstood technology and asset class. In this paper, we’ll evaluate the environmental, social, and governance impact, as well as dispel some of the misconceptions that still thrive today, and consider how Bitcoin stacks up against an ESG framework.