She added: Its not enough just to have somebody come in, anybody, and say theyre going to buy this election..
"If I'm not mistaken, I'm doing quite well, both in relation to Trump and to all the people who run", he said.
Speaking to reporters, Mr Trump said of the billionaire businessman: "There is nobody I'd rather run against than little Michael".
Still, his advisers acknowledge his late entry to the race could make competing in states like Iowa and New Hampshire, which have been blanketed by candidates for almost a year, difficult.More news: Celtics forward suffers broken hand
It is a strategy that acknowledges the limitations of entering the race at this late stage and the opportunities afforded by the billionaire's vast personal wealth.
"We have enormous respect for the Democratic primary process and many friends in those states", Wolfson said in a statement.
But Republican strategist Kim Alfano described Bloomberg's strategy as "flawed from the getgo", noting that he wasn't planning on competing in Iowa or New Hampshire - the first two states to hold nominating contests. His team is also making plans to file in Arkansas, which has a Tuesday deadline. Would it have been hard for a candidate with his poll numbers to have raised enough money to run the campaign Trump did in 2016?
Among those Bloomberg has reached out to is Tom Vilsack, the former Iowa governor who remains popular in the state.
"He is in", Vilsack said of Bloomberg's message.More news: Bolivia’s Morales calls to defend democracy amid coup fears
"I don't think you can just hopscotch around the calendar to suit your own political purposes", Mr Carrick said. "The nation is about to see a very different campaign than we've ever seen before".
Officials in Iowa and New Hampshire said they were disappointed in Mr Bloomberg's decision.
Even before Trump began airing ads targeting Biden in Iowa and New Hampshire, the Biden campaign has sought to manage expectations, saying that unlike other campaigns the former vice president doesn't need to win Iowa to maintain a formidable position in the primary field.
If the DNC primary did not feature a stark contrast of ideology, between the more moderate Biden campaign and the progressive Sanders and Warren campaigns, Bloomberg would have most likely sat out of the 2020 primary. "Michael is a solid guy and let's see where it goes. I have no, no problem with him getting into the race".
If he does get on the ballot in Alabama, Bloomberg will have to register in other states that have later filing deadlines. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.) seek the capitalize on. Axios wrote that Bloomberg "increasingly became concerned that all the leading Democrats have weaknesses Trump could exploit in the general election".More news: Swedish climate activist Greta Thunberg getting mural in San Francisco
Bloomberg has seriously explored running for president at least three times - in 2008 and 2016 as an independent, and earlier this year as a Democrat - but in every case he has opted against mounting a campaign.