Passage
Blessed [be] the God and Father of our Lord Jesus Christ, who, according to his great mercy, has begotten us again to a living hope through [the] resurrection of Jesus Christ from among [the] dead,
Blessed [be] the God and Father of our Lord Jesus Christ, who, according to his great mercy, has begotten us again to a living hope through [the] resurrection of Jesus Christ from among [the] dead,
1 Peter 1:1 Peter, apostle of Jesus Christ, to [the] sojourners of [the] dispersion of Pontus, Galatia, Cappadocia, Asia, and Bithynia,
1 Peter 1:2 elect according to [the] foreknowledge of God [the] Father, by sanctification of [the] Spirit, unto [the] obedience and sprinkling of [the] blood of Jesus Christ: Grace to you and peace be multiplied.
1 Peter 1:3 Blessed [be] the God and Father of our Lord Jesus Christ, who, according to his great mercy, has begotten us again to a living hope through [the] resurrection of Jesus Christ from among [the] dead,
1 Peter 1:4 to an incorruptible and undefiled and unfading inheritance, reserved in [the] heavens for you,
1 Peter 1:5 who are kept guarded by [the] power of God through faith for salvation ready to be revealed in [the] last time.
The verse centers on "mercy", "blessed", "father", "lord", "jesus", "christ", "great", and "begotten". It is saying that the verse draws attention to "mercy" and "blessed", so its meaning should be read from those terms before moving to application.
The nearby context moves from verse 2's "elect according to the foreknowledge of God..." into verse 4's "to an incorruptible and undefiled and unfading...", so "mercy" and "blessed" belong inside that flow. In 1 Peter context, the local focus is hope in suffering, holy conduct, submission, and grace.
A plain takeaway is to answer the verse's own emphasis on "mercy" and "blessed" with trust shaped by these words, not by a vague optimism outside the passage.