If you're going to spend that amount, why not this kryptonite 10mm chain that the Lock Pick Lawyer recommends: https://www.ebay.com/itm/314406325413 i got the same thing from same seller a couple years ago, though it was $70 then +(
https://www.amazon.com/Kryptonite-Evolution-Integrated-Chain-Bicycle/dp/B006QN0MI0/
https://www.amazon.com/gp/product/B006QN0MI0
https://www.youtube.com/watch?v=SpVOTEOMRuE
thieves won't pick a lock, the common attack is angle grinder or bolt cutters.
It doesn't have to necessarily fit around the tire and wheel at all. It is there to keep the wheel from rotating all the way around, on a scooter at least.
I fit mine through the wheel spokes. Of course, this won't work if the slots or spokes in the rim are not big enough. I mainly use my u-lock on the scooter to connect to a chain.
Another option I use that will work around the wheel in the way you want would be a heavy chain lock. I use this one exactly this way:
https://www.amazon.com/Kryptonite-Evolution-Integrated-Chain-Bicycle/dp/B006QN0MIU/I did NOT pay that price, holy cow, but there are other options that will be similar.
A slightly longer version is less https://www.amazon.com/Kryptonite-Evolution-Integrated-Chain-Bicycle/dp/B006QN0MI0
It just fits around the tire and through the wheel enough, and is not a hassle on my 12" scooter wheels.
I must have bought an Amazon Warehouse deal or a returned item, though I did buy it a few years ago.
But you get the idea.
From my understanding, if a thief has enough time, any bike can be stolen. Bike locks are more meant to be a deterrent, the better the lock the more time it will take for a thief to be able to steal it. I've heard from people that live in big cities that they carry multiple, one for the main body and one to lock the wheel to the body (front wheels are very easy pickings for thieves). Personally, I go with a Kryptonite U-lock which has a good reputation, but there are even heavier duty ones such as heavy chain locks: https://www.amazon.com/Kryptonite-Evolution-Integrated-Chain-Bicycle/dp/B006QN0MI0/ref=asc_df_B006QN0MI0/?tag=hyprod-20&linkCode=df0&hvadid=198084925599&hvpos=&hvnetw=g&hvrand=7481797690396658132&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9016853&hvtargid=pla-381360330425&psc=1