It isn't called like that anymore since years, because serum androgens has been proven to be unrelated to baldness.
The very founder of the term died knowing his claims were false.
The name used these days is male pattern baldness.
If what you are saying was true, that would have meant that bald people have higher levels of serum androgens and that have been actually the opposite in the vast majority of cases.
Actually young men with all their hairs have the highest levels of testosterone and DHT.
The range of DHT I'm talking about is in pg/mL and it is 112-955 pg/mL.
You can't just look at DHT and assume its effect on hair is the same throughout ones lifetime. There are many things that change their effect on the human body as we age. I don't think anyone is saying DHT is the ONLY cause of hair loss, but it can be a contributing factor among many - genetic predisposition, of course being the largest.