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Personal Video Hosting Sites As An Alternative?

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Will signing up and creating accounts on video hosting sites be a viable alternative shortly? One of the bigger issues we're facing as creators is being solely reliant on the YouTubes of the world. Having our video files hosted off-platform or even in multiple places a good idea? To me, it would make sense as I wouldn't rely on a single point of failure if some unforeseen issue arises and my YouTube channel is taken down. All of that content was simply erased. I would plan to find a place where I could set up a hosting solution in which I could have copies of my content in the cloud as well as locally as well. This also would help as I could have my content in other places like Peertube as well.

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