Displayport 1.2, with a quad-lane interface, can manage ~17Gb/s. That's enough for 120Hz at 2560×1600, or around 60Hz at "4k" resolution. To get 120Hz at "4k" you would need, at least, two DP1.2 connectors. The GPU would need to output (say) alternate frames from each displayport adaptor. Either that, or output half the image from one port and half from the other.
New standards are always on the horizon, but using an existing displayport interface, the obvious way to increase bandwidth is to use more multiple displayport adaptors. For 4k at 120Hz you would need at least two DP1.2 adaptors.
For "8k" (i.e. 4320p) you're looking at 4 adaptors for 60Hz, or 8 (!!) for 120Hz. But that's silly bandwidth - for 8K TVs at 120Hz we really need entirely new standards for data transfer. 8K is far enough into the future (for mass adoption anyway) that we shouldn't be considering it in terms of displayport 1.2.