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Wow! If he understood it and graciously embraced it, why did he kill himself. It was not really betrayal if it was understood between them. I think Peter was the beloved disciple based on Scripture.
In my opinion, Jesus allowed Judas to betray him to fulfill a prophecy. I think that it was planned way before God sent Jesus "his only son" to earth. The whole betrayal was part of an grand plan to save mankind.