Which is fully reasonable for a private company. Unfortunately people have treated YouTube like a utility that makes them a living.
It would be great to see PeerTube (and other ActivityPub-based federated open-source software social networks) grow and improve to the point it is a viable replacement.
YouTube may terminate your access, or your Google account’s access to all or part of the Service if YouTube believes, in its sole discretion, that provision of the Service to you is no longer commercially viable. [...]