Using fluorinated mono‐alcohols, in particular hexafluoro‐isopropanol (HFIP), as a solvent can enhance chemical reaction rates in a spectacular manner. Previous work has shown evidence that this enhancement is related to the hydrogen‐bond structure of these liquids. Here, we investigate the hydrogen‐bond dynamics of HFIP and compare it to that of its non‐fluorinated analog, isopropanol. Ultrafast infrared spectroscopy show that the dynamics of individual hydrogen‐bonds is about twice as slow in HFIP as in isopropanol. Surprisingly, from dielectric spectroscopy we find the opposite behavior for the dynamics of hydrogen‐bonded clusters: collective rearrangements are 3 times faster in HFIP than in isopropanol. This difference indicates that the hydrogen‐bonded clusters in HFIP are smaller than in isopropanol. The differences in cluster size can be traced to changes in the hydrogen‐bond donor and acceptor strengths upon fluorination. The smaller cluster size can boost reaction rates in HFIP by increasing the concentration of reactive, terminal OH‐groups of the clusters, whereas the fast collective dynamics can increase the rate of formation of hydrogen bonds with the reactants. The longer lifetime of the individual hydrogen bonds in HFIP can enhance the stability of the hydrogen‐bonded clusters, and so increase the probability of reactant‐solvent hydrogen bonding.