It appears that Microsoft doesn't want you to use the bypass any longer. Neowin spotted an update to a Microsoft support page with wording about the bypass removed. You can even check the page on The Wayback Machine to see what it looked like until a few days ago.

Microsoft has quietly removed its official instructions for installing Windows 11 on unsupported Windows 10 machines. Originally posted in an October 2021 support article, the guide allowed users to bypass the system’s stringent hardware requirements,

Microsoft has quietly removed official guidance for bypassing Windows 11's hardware requirements from its support documentation, as reported by Neowin. You can still see what the instructions looked like before the purge on the Internet Archive.

You'll upgrade that aging piece of kit and you'll like it updated For the past three years, Microsoft documented a way to run Windows 11 on PCs that lack Trusted Platform Module 2.0 hardware - but that workaround has now disappeared from its help page.