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Executive summary

We have expressed the conclusions step by step, but to write in a few sentences the main points to retain from this study:
Regulations fears have eased but will come back, especially as G20 will work on concrete proposals from July on. Especially, ICOs will obtain frameworks, and KYC issues will continue to focus on requirements from officials.
There is clear technical progress, especially in terms of governance, scalability, with competition in the nature of solutions; next months will be technically very interesting

Individuals may not be keen to pour more cash into cryptos at it shall first stabilize and recover; banks and funds look to be cautious towards cryptos, not taking the relay. Ultimately, the global economic situation as it may evolve on its own will probably be the parameter with the most impact on DLT tokens valuations.

Ultimately, from an investment perspective, the next 12-18 months may be expected to offer limited or disappointing growth in DLT tokens; we may witness ups and downs maybe even more severe than the ones already experienced in 2018 already, with occasional rallies.