I never heard of this. It sounds like a really cool experiment. I might have to try this out with my watch. I don't wear bracelets and I don't plan on starting.
I don't wear bracelets either. I don't wear a watch. I'm a minimalist, and find such accessories very annoying. So wearing the bracelet became my very first constant reminder of something not to complain about.
As consolation to myself, I use a paracord bracelet that could be disassembled into survival equipment of a thousand uses if needed.