Peter’s sermon in Acts 2 is critically important since it demonstrates how the apostles interpreted the life, death and resurrection of Jesus, including the Ascension. Peter uses the Old Testament in this sermon and cites texts which were fulfilled in the events of Jesus’ life, but also in the events of Pentecost.
Peter first explains the significance of the Holy Spirit (2:14-21). Beginning with a prophecy from Joel 2:28-32, Peter states that the presence of the Spirit in the apostles at that moment is what Joel predicted. In short, it is proof that the New Covenant has begun! Several other texts from the Hebrew Bible indicate that the Spirit of God would fall upon his people when the New Age begins (Isa 32:14-15, 44:3; Ezek 11:19, 37:14).
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