Is 60 to old to ride a bike?

Could you please elaborate on the notion that someone might be 'too old' to ride a bike, particularly in reference to the age of 60? Isn't cycling a form of exercise that can be enjoyed by individuals of all ages, promoting physical and mental health? Are there any specific concerns or limitations associated with cycling for seniors that might suggest they are indeed 'too old' for this activity? Or is this merely a societal stereotype that we should strive to overcome?