one would only ask that question if one were gay. so i think you just answered your own question there bub.
I think it's cool when guys wear some accessories, and that's a good bracelet to start with. anything that neutral guys can generally pull off.
i don't normally come to this neck of the woods and i just had to click on this thread upon reading the title. that bracelet looks fine though maybe throw it off with a real simple little hemp one, but maybe that's just too much for one wrist to handle!
I used to wear anal beads all the time when I was a punk rawker. Despite actually calling them anal beads I had no idea what they were used for. So coming from the guy who used to wear anal toys as jewelery; that doesn't look gay to me.