Not necessarily. In 2018, Astralis kept being the best team (peak astralis era) and device kept winning 7 MVPs, including both majors and a major MVP. s1mple not only became Top1, it was the highest individual peak in all of CSGo history. So much so that HLTV said "there is not even a debate who was the best".
Long story short, what you said is necessary for sh1ro to be Top1, but it's not *sufficient*, if s1mple keeps up as well.