My point is you are comparing the wrong thing, if you make zstd as slow as bz2 by increasing the level, you will get same or better compression ratio on most content. You're just comparing who has defaults you like more. Zstd is on the Pareto front almost everywhere, you can tune it to be (almost) the fastest and you can tune it to be almost the highest compression ratio with a single number, all while having decompression speeds topping alternatives.
Additionally it has features nothing else has, like --adapt mode and dictionary compression.