I dont believe Bloomberg has any interest in winning. He very likely entered the race to lift limits on his anti-Trump ad spending. As we can see, that strategy is working quite well.. for Trump.
I agree; Bloomberg has no chance of winning, and would do poorly in the American states between NY and CA. He wants to spread his money around and support leftist causes, but he has no chance. His history would ensure young leftist activists would stop his campaign dead in its tracks if they really believed he would be their candidate.