Bloomberg knows the polls well enough to know he isn’t going to win. He mad 58 billion selling access to quantitive data.
Bloomberg publicly said he might spend up to a billion dollars supporting whoever the eventual Democrat is, just to get rid of Trump.
Bloomberg is spending millions on registering people to vote.
For a 77 year old worth 58 billion, this is all loose change.
It’s likely he is simply checking boxes so he can line up his advertising operation for the general election. The privileges of being a candidate to collect voter data and the like more than justifies presenting to try and win.
For the life of me, I simply can’t decide if he’s lining up behind the theory in the Ralph Nader book “Only the Super Rich can Save Us”, and is actually pitching in to stop something that will kill us all.
Or, does he see Trump as the handwriting on the wall, and has decided to get ahead of his fellow 1% buddies who can do nothing but celebrate, in the hopes that his piece offering to the Democrats keep the torches off his front porch after the election is over.
Probably a bit of both.