I think it's early to talk about M&A, crypto is far from there. We will probably see strong partnerships, and one company using another's company technology, but we are far from M&A.
But we have to remember this is just a beginning, in the future, who knows
![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
Well, it's over 8 years since the first decentralized cryptocurrency... and we have seen the blockchain technology evolve and give rise to amazing projects. It's only a matter of time before we begin to see the high stakes of demanding practical use cases as the lines between the virtual (crypto) and the real world blur even further.
IMO, I think M&A are the likely options.