Bzip2

configname: CONFIG_INITRAMFS_COMPRESSION_BZIP2

Built-in initramfs compression mode
└─>Bzip2
In linux kernel since version 2.6.30 (release Date: 2009-06-09)  
It's compression ratio and speed is intermediate. Decompression speed
is slowest among the choices. The initramfs size is about 10% smaller
with bzip2, in comparison to gzip. Bzip2 uses a large amount of
memory. For modern kernels you will need at least 8MB RAM or more for
booting.

If you choose this, keep in mind that you need to have the bzip2 tool
available to be able to compress the initram.

depends
CONFIG_RD_BZIP2