3 Jul 2024

On the way to his second Tour de France victory last year, Denmark's Jonas Vingegaard was facing tough questions regarding his pace before he even arrived in Paris.

How was he going so fast? How was it possible to be over seven minutes ahead of a cyclist of Tadej Pogačar's caliber? Some reporters even explicitly asked: "Are you cheating?". In 2023, Vingegaard completed the grueling 3-week, 3,401 kilometer competition at an average speed of 41.4 km/h (25.574 mph). Given cycling's deservedly bad reputation, it is perhaps understandable that exceptional performances like that still raise suspicions. As Statista's Felix Richter shows in the chart below, the Tour de France has not slowed down since the doping-infested years of the early 2000s. Whether that's due to super-fast carbon bikes, favorable routing or the use of performance-enhancing substances is a question the sport is not yet fully able to answer.


This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. Bank Syz Ltd. accepts no liability for any loss arising from the use of this document.

Read More

Straight from the Desk

Syz the moment

Live feeds, charts, breaking stories, all day long.

Thinking out loud

Sign up for our weekly email highlighting the most popular posts.

Follow us

Thinking out loud

Investing with intelligence

Our latest research, commentary and market outlooks