Pay careful attention to Peter’s wording here: “You are a chosen people, a royal priesthood, a holy nation,” whereas Exodus 19:5-6 states, “Now if you obey me fully and keep my covenant, then out of all nations you will be my treasured possession. . . . You will be for me a kingdom of priests and a holy nation.” Exodus 19:5-6 is conditional, while 1 Peter 2:9 is a statement of reality.