I'd rather think it's more a move by Microsoft to make a clean break and clearly distinguish between the
- "does not require TPM" era Windows 10 and
- "does require TPM" era Windows 11
among other more noticeable changes that also took place. (Also the shiny "new" thing to use for marketing new computers, which helps make MS's partners happy.)
Having a completely new Windows version is much easier to communicate to customers - going as far as having "Windows 11" stickers on new products. Computer manufacturers also have easier time announcing "support for Windows 11" on a recent laptop than some obscure version of Windows 10.
Imagine having to check the version number... "'21H1' - what is that?" Most people have never even heard about it, paid any attention, or were overwhelmed enough the update process to not be able to absorb it.