Yup, both of which have a large role in life. because all transactions are definitely in need of a means of payment (physical and non physical). The money can be used for direct transactions, whereas the bitcoin can only be used for indirect transactions. Both means of payment also has advantages and disadvantages
The best advantage of holding cash is that it can be used anywhere, even at small grocery and even at big malls, but the use of bitcoin is limited at a moment.
Still it's really important to have cash on hand.
That is part of a person's everyday life. 99.9% - 999.9% of financial transactions can be done by using physical cash even offline.