One good thing about Bloomberg is, due to his status as already having much more money than he can spend in his grandchildren's lifetimes, he is not subject to the same type of corruption as most Democratic politicians (see the Clinton foundation, Obama book and Netflix deals, Biden Ukraine deals, and more). He is much more moderate than anyone currently in the race polling over 2%.

Bloomberg can also survive getting past the lack of early primary success because he can self-finance his campaign, which may give him a shot of picking up many votes once the crowd of candidates thins out. His candidacy may also be intended to try to pull other candidates closer to the middle rather than moving so far left that Obama looks like a member of the Alt-Right.