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Its the materialistic aspect of it. Most sports are dependent on the individual. Just YOU. The ball, the court or field dont matter at all. Riding a bike... Starts as a kid, I always had the plebby mongooses while friends had tricked out Haro's and gt's and they kicked ass. My bike limited my agility on the dirt jumps and hills we rode. As adults, now we're talking a sport where a $900 bike is entry level, and Mr Jones has a $2,500 rig, you cant keep up. Of course its human powered after all but you know what Im saying. MTBing can be even more extreme, when you got guys with Fox shocks and full suspension rigs that cost as much as a car.
Yeah a $100 mongoose can do the trail, but bikes can be a status symbol, and performance tool, and race machine