I am thinking to encase my entire bluetooth PCB along and connected battery in an adhesive such as a soft urethane or silicone encapsulate. My board and battery are each about the size of two stacked quarters. Of course I will be avoiding getting the adhesive on any input ports and the on/off pairing button. I feel like this would give it good water resistance. Also it would hold my components together and to their enclosure and would especially protect a few soldered connections I made with the battery etc.
Has anyone tried this or can hazard a guess? I am concerned that the bluetooth reception will be significantly diminished. Should I also be concerned about the thing heating up and catching fire? I would use a non-flammable adhesive, and the battery for the bluetooth is only about 3V (and charges via usb).
What else might I be concerned about?