BuddyPress.org

I put this in my functions.php:

function bp_loggedin_user_profile_link() {
global $bp;?>
<a href=”‘. $bp->loggedin_user->domain . ‘” title=”profile”><?php _e( ‘My Profile’, ‘buddypress’ ) ?></a>
<?php return;
}

You can change the link text to whatever you want, I chose to use one buddypress translates by default.

NOTE: using bp_ prefixed functions may later cause collisions.