Democratic presidential candidate former Vice President Joe Biden. | Charlie Neibergall/AP Photo


11/08/2019 02:32 PM EST

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CONCORD, N.H. — Former Vice President Joe Biden welcomed businessman Michael Bloomberg potentially jumping into the Democratic primary, dismissing the notion that it’s a reflection of his performance in the race.

“In terms of he’s running because of me, the last polls I looked at, I’m pretty far ahead,” Biden told reporters. “If I’m not mistaken, I’m doing pretty well both relative to Trump and relative to all the people running in the Democratic primary.”

Bloomberg is taking steps to enter the primary because of his concerns that none of the current Democratic hopefuls can beat President Donald Trump. His virtually bottomless bank account could dramatically reshape the race, though no one knows yet exactly how.

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