Arthur Hayes suggests that the Federal Reserve's involvement in Japan's financial crisis could drive Bitcoin prices higher. According to NS3.AI, Hayes anticipates that the Fed will purchase yen and Japanese Government Bonds to address the ongoing stress in Japan's bond and currency markets. This intervention is expected to result in increased money printing and an expansion of the Fed's balance sheet, which has historically been linked to Bitcoin price growth. Hayes identifies the current financial pressures in Japan as the primary factor prompting the Fed's anticipated response.