There's a bootstrapping process that has to happen to compile the compiler. Moving up the language standard chain requires that compilers compiling the compiler need to also migrate up the chain.
So you can never be perfectly bleeding edge as it'd keep you from being able to build your compiler with an older compiler that doesn't support those bleeding edge features.
Imagine, for example, that you are debian and you want to prep for the next stable version. It's reasonable that for the next release you'd bootstrap with the prior releases toolset. That allows you to have a stable starting point.
Aren't they talking about the c++ dialect the compiler expects without any further -std=... arguments? How does that affect the bootstrapping process? This https://gcc.gnu.org/codingconventions.html should define what C/C++ standard is acceptable in the GCC.
Counterpoint: you could write a C++ compiler in a non-C/C++ language such that the compiler’s implementation language doesn’t even have the notion of C++20.
A compiler is perfectly capable of compiling programs which use features that its own source does not.
This is not the case. They are discussing the default value of `g++ -std=...`. That does not complicate bootstrapping as long as the C++ sources of GCC are compatible with older and newer versions of the C++ standard.