This paragraph is like a “last testament” for Peter. He knows he will be executed soon and he wants to encourage the readers to keep what he has said in mind even after he is gone. Some of the language here is “stock language” used in last testaments, both in the Bible and I the literature of the Second Temple period.
The prediction of Peter’s martyrdom at the end of John’s gospel generated a number of extra-biblical legends about
the kind of death Peter would experience, including a legend that Peter met the resurrected Jesus on the road to Rome and Jesus told him he was about to be crucified (Acts of Peter). There is nothing historical in these stories since the point of Jesus’ prediction was only to tell Peter that his faith was not weak and that he would persevere all the way to the end.
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