What blows my mind is that 20 million light years also means that what we're observing something that happened 20 million years ago. We're looking into the very distant past, at something that might well no longer exist.
Turn that around and there well could be other lifeforms observing the Earth with dinosaurs roaming around on it. Perhaps observing the impact of a giant meteor onto the earth.
The light of that meteor impact on Earth is still roaming the universe. If only we could travel faster than that light.
What is even more crazy is that we can actually look as far as the beginning of the universe just because of how long it takes for particles from the other side of the universe to reach us.