In short, it would seem that governments are trying eliminate the very thing that Bitcoin--and blockchain generally--was originally designed to accomplish.
Efforts to eradicate it have been ongoing since its inception. The current escalation indicates a concerted effort to suppress centralized privacy services. Bitcoin was originally designed to create a currency outside the government's control; not to make centralized services invulnerable to governmental coercion. The remedy lies not in abandoning Bitcoin, but in advancing our decentralized privacy solutions.
As for the longer term, this brings up an important question: why use blockchain at all?
I think we've addressed this before. Here is why:
https://en.bitcoin.it/wiki/Main_Page.