The short answer: Will Clemente is a bitcoin analyst known for his on-chain research. He was lead insights analyst at Blockware Solutions and co-founded Reflexivity Research with Anthony Pompliano. He has appeared on 46 episodes of The Pomp Podcast since March 2021, most of them in 2021 and 2022.
A guest profile from The Pomp Podcast, hosted by Anthony Pompliano. Last updated: October 25, 2026.
Key takeaways
Will Clemente is a bitcoin analyst known for his on-chain research.
He was lead insights analyst at Blockware Solutions and co-founded Reflexivity Research with Anthony Pompliano.
He has appeared on 46 Pomp Podcast episodes since March 2021.
Disclosure
Anthony Pompliano co-founded Reflexivity Research with Will Clemente. DeFi Technologies acquired Reflexivity in February 2024 for 5 million shares, according to its press release.
Who is Will Clemente?
Will Clemente is a bitcoin and crypto analyst. He became widely followed for on-chain research that uses blockchain data to track bitcoin holders, flows and market cycles.
His X profile describes him as a "market enjoyer."
What has Will Clemente worked on recently?
Research. In July 2025 he co-authored a report on bitcoin treasury companies with Ben Harvey.
What did Will Clemente do before?
Blockware Solutions. He was lead insights analyst at the bitcoin mining company from August 2021 to September 2022.
Reflexivity Research. He co-founded the research firm with Anthony Pompliano. DeFi Technologies completed its acquisition of Reflexivity in February 2024.
What is Will Clemente known for?
On-chain analysis. He built a large following by sharing on-chain bitcoin data and charts.
A frequent Pomp Podcast guest. He appeared 28 times in 2021 alone.
What does Will Clemente think about bitcoin treasury companies?
These are his opinions as shared on The Pomp Podcast, not forecasts or advice.
Bitcoin treasury companies. In July 2025 he said treasury companies held about 725,000 bitcoin, around 3.6% of supply, and that "the Bitcoin Treasury companies have now accumulated over half of the total amount of Bitcoin that the ETFs have accumulated altogether." (July 2025 episode)
Strategy. He said MicroStrategy had been "one of the best performing stocks in the world over the last five years," which led to many copycats. See What Is Strategy?.
Market impact. His report found that treasury companies accounted for about 60 basis points of bitcoin's daily price impact on average in 2025, and up to 9% on some days.
Altcoin treasuries. He said a large raise for a smaller coin would be a much bigger share of that coin's trading volume than bitcoin treasury buying is for bitcoin.
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Where can I follow Will Clemente?
Will Clemente on The Pomp Podcast
Will Clemente has appeared on 46 episodes of The Pomp Podcast, from March 29, 2021 to July 21, 2025. His July 2025 episode was with Ben Harvey of Keyrock. Every episode is listed below, newest first, with links to watch or listen.
Watch or listen to the latest episode
#1577 Will Clemente & Ben Harvey | The Truth About Bitcoin Treasury Companies, released July 21, 2025.
2025 (2 episodes)
Jul 21: #1577 Will Clemente & Ben Harvey | The Truth About Bitcoin Treasury Companies · YouTube · Apple Podcasts · Spotify
Jan 29: #1478 Will Clemente | Is The Bitcoin Bull Run Over? · YouTube · Apple Podcasts · Spotify
2024 (1 episode)
Jun 10: #1370 Will Clemente on Bitcoin Bull Market · YouTube · Apple Podcasts · Spotify
2023 (3 episodes)
Oct 26: #1266 Will Clemente | Bitcoin Bear Market Is Over. Here Is Proof. · YouTube · Apple Podcasts · Spotify
Apr 10: #1185 Will Clemente On Bitcoin: Start Of The Next Bull Run? · YouTube · Apple Podcasts · Spotify
Jan 11: #1145 Will Clemente On Bitcoin 2023 Outlook & 2022 Review · YouTube · Apple Podcasts · Spotify
2022 (12 episodes)
Jul 30: #1065 Will Clemente On Why He Feels Optimistic About Bitcoin · YouTube · Apple Podcasts · Spotify
Jul 9: #1038 Will Clemente On Navigating The Worst Bitcoin Market Sentiment In Years · YouTube · Apple Podcasts · Spotify
Jun 11: #998 Will Clemente & Mitch Askew On How Bitcoin’s Adoption Is Just Getting Started · YouTube · Apple Podcasts · Spotify
Jun 4: #988 Will Clemente & Blake Davis On The Bull Case For Bitcoin Right Now · Apple Podcasts · Spotify
May 28: #981 Will Clemente On If Bitcoin Just Hit The Bottom · Apple Podcasts · Spotify
Apr 23: #929 Will Clemente On Bitcoin Investors Refusing To Sell Their Bitcoin · YouTube · Apple Podcasts · Spotify
Mar 26: #884 Bitcoin Is Up 30% In The Last 2 Months w/ Will Clemente · YouTube · Apple Podcasts · Spotify
Mar 19: #872 Bitcoin Price Is Primed To Take Off w/ Will Clemente · YouTube · Apple Podcasts · Spotify
Feb 19: #831 Bitcoin Market Is In A Trendless Chop w/ Will Clemente · YouTube · Apple Podcasts · Spotify
Jan 29: #804 Bitcoin Whales Are Starting To Accumulate w/ Will Clemente · YouTube · Apple Podcasts · Spotify
Jan 15: #783 What's Keeping Bitcoin At $43k? w/Will Clemente · YouTube · Apple Podcasts · Spotify
Jan 8: #775 Fear In The Markets - What's Next For Bitcoin? w/ Will Clemente · YouTube · Apple Podcasts · Spotify
2021 (28 episodes)
Dec 18: #758 Is Bitcoin Bullish Again? w/ Will Clemente · YouTube · Apple Podcasts · Spotify
Dec 11: #751 What Needs To Happen To Be Bullish On Bitcoin Again w/ Will Clemente · YouTube · Apple Podcasts · Spotify
Nov 27: #731 Weekly BTC On-Chain Update w/ Will Clemente · YouTube · Apple Podcasts · Spotify
Nov 20: #727 What Is Going On With Bitcoin? w/ Will Clemente · YouTube · Apple Podcasts · Spotify
Nov 13: #720 Is The Bitcoin Bottom In?! w/ Will Clemente · YouTube · Apple Podcasts · Spotify
Nov 6: #713 Bitcoin Whales Are Taking MAJOR Gains w/ Will Clemente · YouTube · Apple Podcasts · Spotify
Oct 30: #706 Major Bitcoin Buying Is Going On Right Now w/ Will Clemente · YouTube · Apple Podcasts · Spotify
Oct 16: #690 The Bitcoin Bulls Are Running Through 60k! w/ Will Clemente · YouTube · Apple Podcasts · Spotify
Oct 2: #677 Shocktober is Here! Bitcoin Prepares For Liftoff w/ Will Clemente · YouTube · Apple Podcasts · Spotify
Sep 25: #671 Whales Are EATING UP Bitcoin Supply w/ Will Clemente · YouTube · Apple Podcasts · Spotify
Sep 18: #665 Bitcoin Whales Are Buying Like CRAZY w/ Will Clemente · YouTube · Apple Podcasts · Spotify
Sep 4: #653 Is Bitcoin About To Take Off?! w/ Will Clemente · YouTube · Apple Podcasts · Spotify
Aug 28: #645 Did The Bears Win This Round?! w/ Will Clemente · YouTube · Apple Podcasts · Spotify
Aug 21: #638 Bitcoin New ATH By September?! w/ Will Clemente · YouTube · Apple Podcasts · Spotify
Aug 14: #632 Bitcoin Supply Shock w/ Will Clemente · YouTube · Apple Podcasts · Spotify
Jul 31: #620 The Bitcoin Supply Squeeze Thesis With Will Clemente · YouTube · Apple Podcasts · Spotify
Jul 21: #610 The On-Chain Metrics OG w/ David Puell & Will Clemente · Apple Podcasts · Spotify
Jul 3: #597: Bitcoin Whales Are Selling To Retail Investors w/ Will Clemente and Checkmate · YouTube · Apple Podcasts · Spotify
Jun 27: #592 Strong Hands Are Aggressively Accumulating Bitcoin w/ Will Clemente · Apple Podcasts · Spotify
Jun 20: #586 Bitcoin Is WILDLY Oversold! w/ Will Clemente · YouTube · Apple Podcasts · Spotify
Jun 12: #580: Will Clemente on the Re-Accumulation Phase Is Almost Over · YouTube · Apple Podcasts · Spotify
Jun 5: #574 Will Bitcoin Break Out Of The Accumulation Phase?! w/ Will Clemente · YouTube · Apple Podcasts · Spotify
May 29: #568 Is The Bitcoin Sell-Off Over?? w/ Will Clemente · YouTube · Apple Podcasts · Spotify
May 23: #562: Bitcoin Crashed! Who Was Buying And Selling?! Livestream w/ Will Clemente · Apple Podcasts · Spotify
May 15: #556 Will Clemente on What Happened to Bitcoin When Elon Tweeted · YouTube · Apple Podcasts · Spotify
May 8: #550: Will Clemente on Bitcoin Coiling Like A Spring · YouTube · Apple Podcasts · Spotify
Apr 27: #542 Will Clemente on The Science Behind A Price Drawdown · YouTube · Apple Podcasts · Spotify
Mar 29: #522: Will Clemente on Bitcoin Analytics · YouTube · Apple Podcasts · Spotify
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Frequently asked questions
Who is Will Clemente?
Will Clemente is a bitcoin analyst known for on-chain research. He co-founded Reflexivity Research with Anthony Pompliano.
What is Reflexivity Research?
Reflexivity Research is a crypto research firm co-founded by Will Clemente and Anthony Pompliano. DeFi Technologies acquired it in February 2024.
What is on-chain analysis?
On-chain analysis uses public blockchain data, such as wallet balances and coin flows, to study how bitcoin holders behave.
What does Will Clemente think about bitcoin treasury companies?
In July 2025 he said they had accumulated more than half as much bitcoin as the ETFs.
How many times has Will Clemente been on The Pomp Podcast?
Will Clemente has appeared on 46 episodes of The Pomp Podcast, from March 29, 2021 to July 21, 2025.
Sources
Last updated: October 25, 2026
Anthony Pompliano is an entrepreneur, investor, and author who serves as Chairman and CEO of Silvia, Inc (SVIA) and invests through Pomp Investments. He is the host of The Pomp Podcast, where he interviews founders, investors and economists about bitcoin, markets, AI and the economy.
This profile is based on his conversations with Will Clemente on The Pomp Podcast and on the sources listed above.
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This profile reflects the opinions of the guest and host as shared on The Pomp Podcast. It is guest opinion, not investment advice. Do your own research before making any investment decision.
