Definitely a bad speedo. Between the time he puts the front tire back on teh ground (at 120) and buring the speedo (220) the lines on the road only go by slightly faster. They definitley dont double in speed. When he is decelerationg, the lines are almost at a complete standstill at 100.
A car I once had, the speedo went wack on me. If I went by it I was usually doing 75 in stop and go rush hour traffic.