This is my big pet peeve with people who describe Youtube's demonetization policies as "censorship" and propose Peertube as a replacement. I'm not going to get entangled in the question of what responsibility big social media has and what it should or shouldn't do about giving people platforms, but I will say that if you believe demonetization and being de-prioritized in youtube's discovery algorithms is being deplatformed/censored, moving to a service that doesn't really
have monetization or youtube-style content discovery isn't the solution.
If you move your content to PeerTube and want both an audience and to be paid, you'll need a combination of third party services and other social media, and will likely end up with similar problems re: advertisers cutting out "unacceptable content".
I do think it'd probably be better if the content provider was divested from this layer and focused on only providing media, but Peertube doesn't really solve these social/economic problems people complain about with Youtube.