If Bloomberg runs, it means he thinks the Democratic field will lose to Trump

Stuff reports:

Michael Bloomberg, the billionaire former mayor of New York City in the US, is opening the door to a 2020 Democratic presidential campaign, warning that the current field of candidates is ill equipped to defeat President Donald Trump. …

If he were to launch a campaign, it could dramatically reshape the Democratic contest less than three months before primary voting begins.
The 77-year-old has spent the past few weeks talking with prominent Democrats about the state of the 2020 field, expressing concerns about the steadiness of former Vice President Joe Biden’s campaign and the rise of liberal Sen. Massachusetts Elizabeth Warren, according to people with knowledge of those discussions. In recent days, he took steps to keep his options open, including moving to get on the primary ballot in Alabama ahead of the state’s Friday filing deadline.

That is significant.

I think he sees the hard left candidates as unelectable and Biden as flawed, so hence why he may stand.

Bloomberg is seriously wealthy, with an estimated $53 billion net worth.