The FBI can track who you talk to in-person, but they can not with WhatsApp at the moment. Thus WhatsApp is orders of magnitude more efficient.
Edit: This is the whole problem tin-foilers have with Signal being the sole operator of servers and not allowing for federation.
Remember WhatsApp is BOTH the PKI infrastructure and the and the message transmitter. It is trivial for them to MITM by sending you and the recipient a different public key that they control and intermediate.
The encryption prevents OTHERS from snooping on you. It doesn't protect you from WhatsApp itself - or the government acting with a warrant.