After months of teasing a possible run for office in 2020, Michael Bloomberg announced Tuesday that he will not seek the Democratic nomination and will instead use his many, many billions to thwart the threat to national security that is Donald Trump.

In an op-ed published on his eponymous Web site, the former three-term mayor wrote that, despite his belief that he could defeat the Queens-born “con” man in a general election, he is “clear-eyed about the difficulty of winning the Democratic nomination in such a crowded field,” and is not willing to shift his centrist views further to the left to compete with candidates like Elizabeth Warren and Bernie Sanders. Nor, per The New York Times, is he convinced he would be able to compete with Joe Biden for centrist votes should the former V.P. enter the race. He’s also seemingly realized that, short of President Twitter undergoing a personality transplant, things are going to get exponentially worse over the next two years. And rather than spend months on a campaign trail that likely leads back to New York, he’s decided to put his time and truckloads of money to more productive use: