Does Colossians 1:20 teach that all will be saved (universalism)?

Colossians 1:20 and through him to reconcile to himself all things, whether on earth or in heaven, making peace by the blood of his cross.

Paul wrote to the Colossians, “For it was the Father’s good pleasure ... through Him [Christ] to reconcile all things to Himself, having made peace through the blood of His cross; through Him, I say, whether things on earth or things in heaven” (Col. 1:19-20, nasb). If Paul says that all things are reconciled to Christ by His death and resurrection, this seems to imply that all people are saved. But other Scriptures declare that many will be lost (e.g., Matt. 7:13-14; 25:41; Rev. 20:11-15).

Colossians 1:15 - 23

NIV - ¹⁵ The Son is the image of the invisible God, the firstborn over all creation. ¹⁶ For in him all things were created: things in heaven and on earth, visible and invisible, whether thrones or powers or rulers or authorities; all things have been created through him and for him.

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