Michael Bloomberg, the billionaire former mayor of New York City, is opening the door to a 2020 Democratic presidential campaign, signaling his dissatisfaction with the current crop of candidates vying to take on President Donald Trump.

Bloomberg has not made a final decision on whether to run, according to advisers, but he is taking steps toward a campaign, including filing to get on the ballot in Alabama’s presidential primary. Alabama has an early filing deadline and is among the states that vote on Super Tuesday, name for the large number of state contests that day.

Bloomberg flirted with a presidential run earlier this year, visiting early voting states and conducting extensive polling. He ultimately decided against a run, citing in part the apparent strength of former Vice President Joe Biden, a fellow moderate.

But Bloomberg is said to have become increasingly worried about the direction of the Democratic primary as more liberal candidates like Massachusetts Sen. Elizabeth Warren have gained in popularity.

In a statement on Thursday, Bloomberg adviser Howard Wolfson said the former mayor is worried that the current crop of Democratic presidential candidates is “not well positioned” to defeat Trump.

FILE - In this Feb. 8, 2019 file photo, former New York City Mayor Michael Bloomberg answers a question during an interview with The Associated Press in Orlando, Fla. Bloomberg, the billionaire former mayor of New York City, is opening the door to a 2020 presidential campaign. Bloomberg announced earlier this year that he would not seek the Democratic nomination. But in a statement, his political adviser Howard Wolfson says Bloomberg is worried that the current crop of Democratic presidential candidates is “not well positioned” to defeat President Donald Trump.(AP Photo/Phelan M. Ebenhack, File)
FILE – In this Feb. 8, 2019 file photo, former New York City Mayor Michael Bloomberg answers a question during an interview with The Associated Press in Orlando, Fla. Bloomberg, the billionaire former mayor of New York City, is opening the door to a 2020 presidential campaign. (AP Photo/Phelan M. Ebenhack, File)