Soon after the discovery of the first high temperature superconductor by Georg Bednorz and Alex Mueller in 1986 the late Sir Nevill Mott answering his own question Is there an explanation? [Nature v 327 (1987) 185] expressed a view that the Bose-Einstein condensation (BEC) of small bipolarons, predicted by us in 1981, could be the one. Several authors then contemplated BEC of real space tightly bound pairs, but with a purely electronic mechanism of pairing rather than with the electron-phonon interaction (EPI). However, a number of other researchers criticized the bipolaron (or any real-space pairing) scenario as incompatible with some angle-resolved photoemission spectra (ARPES), with experimentally determined effective masses of carriers and unconventional symmetry of the superconducting order parameter in cuprates. Since then the controversial issue of whether the electron-phonon interaction (EPI) is crucial for high-temperature superconductivity or weak and inessential has been one of the most challenging problems of contemporary condensed matter physics. Here I outline some developments in the bipolaron theory suggesting that the true origin of high-temperature superconductivity is found in a proper combination of strong electron-electron correlations with a significant finite-range (Froehlich) EPI, and that the theory is fully compatible with the key experiments.