In a recumbent bike, you sit in a reclined position. This position puts far less stress on your body than the normal way. It makes it easier to achieve such high speeds. I believe the world record for this about 80MPH.
It's a bike, specifically a recumbent bike. Véhicule À Propulsion Humaine is french for Human powered vehicle. This is design to be a high speed bike with them able to achieve 60mph+.
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