Hobbs made his debut in this week's Carling Cup victory over Cardiff City and Hyypia told liverpoolfc.tv: "It was a very good start for Jack.
"He is still young and he has a lot to learn but he is willing to learn and to listen to what people say to him.
"Sometimes he looks to the likes of Jamie Carragher or myself for advice and, of course, we are more than happy to help.
"I can see a lot of myself in him. I think he has similar qualities to me but I think he is better than I was when I was 19.
"Hopefully, his improvement will continue and he will keep on getting better and be a player for the future of this club."
One of the standout features of Hobbs' display was his ability to start play from the back.
Hyypia joked: "It was also good to see that he has the confidence to bring the ball out of defence because maybe he is better to do that than me now!"