Bloomberg will not steal Buttigieg’s momentum with younger, wealthier Democratic voters and donors, people close to the South Bend mayor say. But the former NYC mayor does give Big Finance, Big Tech and other more corporate-friendly Democrats another progressive prospect as an alternative to Biden, Sanders and Warren.

“My own feeling is that Bloomberg getting in might — if he stays in — might wind up getting rid of Cory Booker and Kamala Harris and others who haven’t done all that well,” said one of Buttigieg’s biggest New York bundlers. “At the end of this year, I still think it’s going to be Warren and Pete and Biden. And Pete will have plenty of money when it’s time to get into the big spending season and I don’t think Bloomberg will hurt his fundraising at all.”

Indeed, multiple Wall Street executives who like Bloomberg suggested in recent days that they see a very narrow path forward for the former mayor. And that could leave Buttigieg hanging around as not-ultraliberal, not inclined to bust up major industries and not as old or potentially shaky as Biden.