Interpreting “heaven and earth passing away” as the destruction of Jerusalem and the Temple fits with the rest of the New Testament prophecy paradigm, which is the transition of the ages from the Old to the New Covenant.

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Scripture references (mouse-hover for text)

Revelation 20:3

Revelation 20:9

Romans 8:20-21

Matthew 24:35

Psalm 78:69

Psalm 148:4-6

Jeremiah 31:32