(CNN) Attorney Michael Avenatti said Tuesday that he will not run for president in 2020, ending months of speculation about his potential interest in a White House bid.

"After consultation with my family and at their request, I have decided not to seek the Presidency of the United States in 2020. I do not make this decision lightly -- I make it out of respect for my family. But for their concerns, I would run," Avenatti said in a statement he tweeted.

Please see my statement below regarding 2020. pic.twitter.com/ztCfZUY6hA — Michael Avenatti (@MichaelAvenatti) December 4, 2018

Avenatti made his reluctance with the decision clear, sharing his concerns with the 2020 field as currently constituted.

"I remain concerned that the Democratic Party will move toward nominating an individual who might make an exceptional president but has no chance of actually beating Donald Trump," he wrote.

"The party must immediately recognize that many of the likely candidates are not battle-tested, and have no real chance at winning. We will not prevail in 2020 without a fighter. I remain hopeful the party finds one."

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