Prominent Trader: Heavy Invested in Circle, Coinbase, and ETH, Betting on Regulated On-Chain Finance Reshaping

July 31st, prominent trader Doctor Profit posted, stating that global funds are widely betting on AI, but the larger long-term change may be the reshaping of the financial system. He referred to Circle, Coinbase, and ETH as the "Galactic Triumvirate," believing that they respectively represent regulated digital dollars, traditional capital entering the on-chain market through custody and trading gateways, and a settlement network for asset tokenization, and has established large-scale long-term positions in them.

He remains bullish on BTC in the long term, but in this cycle, he will adjust his cryptocurrency allocation to 60% ETH and 40% BTC. Doctor Profit stated that Coinbase is a key custodian for the BlackRock Bitcoin Spot ETF and also holds a stake in Circle, whose Base network settles on Ethereum; BlackRock manages Circle's USDC reserve fund. Ethereum also hosts BlackRock's tokenized government bond fund BUIDL and dominates the real-world asset tokenization market.

Doctor Profit believes that the "CLARITY Act" may bring greater benefits to ETH, Circle, and Coinbase than BTC, as it will further clarify the regulatory rules for tokens, trading platforms, stablecoin yield products, and DeFi. He predicts that the future of on-chain finance will lean more towards compliance, regulation, and institutional dominance. He mentioned buying Circle at around $62 and expects its stock price to reach at least $500 by 2030.