To say the quiet part out loud: Bullshit
Google may find that their only option is to paywall YouTube. Too many of us will prefer to pay creators directly rather than letting Google take a cut. And YouTube is not the only game in town.
I admit that I’m pretty much done with YouTube anyway. Their unskippable mid roll ads that interrupt videos mid-word have become obnoxious enough that many creators I follow are jumping ship and advising their viewers where to find them.