Re:
its interesting, back when light weight was fashionable you have rim brakes and square taper cranks, then bikes got beefed up and teh downhill stuff trickled down, light weight went out the window. disk brakes and bigger spindles etc, now all the xc version of that stuff has got as light as weenie stuff used to be, so high end off the shelf kit is as light at trick aftermarket parts were bitd
eg 15 years ago a weenie crank/bb setup mightve been 550g, 10 years ago truvativ noir mightve been 750g, now that next sl crank on there is probably 550g again, but it has a 30mm spindle and proper bearings. one thing thats gonna be significantly lighter is the wheels, like you can get mtb wheelsets now that weigh down to nearly 1kg, being tubeless will save a bit too.
couple of things about that bike show its not off the shelf though, that kcnc scandium seatpost for one. so basically who knows how much customising has been done and 20lb for a customised hard tail is tank-like.
the frame itself probably isnt all that light. i think old yo eddy used to be like 4lb mark, 1.8kg ish. compared to bonty racelight, 1.7kg or a ritchey p20/p21 nearer 1.6kg. those new richey frames are way chunkier than that. in the age of carbon, who wants a light steel frame? sadly steel frames now are made to be comfy or tough, i'd be amazed if its less than 2kg. in fact steel hasnt got a lot more advanced since the 90s. 853/nivacrom is about as good as it got. dunno what ever happened to aermet, lightest steel frames ive seen were made of that stuff.