Here's some empirical evidence (not a proof!).
Here are the first powers which increase the length of 1-2-4-8 runs in the least significant digits (last digits):
Power 0: 1 digits. ...0:1
Power 7: 3 digits. ...0:128
Power 18: 4 digits. ...6:2144
Power 19: 5 digits. ...5:24288
Power 90: 6 digits. ...9:124224
Power 91: 7 digits. ...9:8248448
Power 271: 8 digits. ...0:41422848
Power 1751: 9 digits. ...3:242421248
Power 18807: 10 digits. ...9:8228144128
Power 56589: 14 digits. ...3:21142244442112
Power 899791: 16 digits. ...9:8112118821224448
Power 2814790: 17 digits. ...6:42441488812212224
Power 7635171: 19 digits. ...5:2288212218148814848
Power 39727671: 20 digits. ...6:48844421142411214848
Power 99530619: 21 digits. ...6:142118882828812812288
Power 233093807: 25 digits: ...0:2821144412811214484144128
Power 22587288091 : 26 digits: ...9:81282288882824141181288448
Easy to see, this run length grows veeeery slow: $25$ digits of $233093807*log_{10}2 \approx 70168227$ decimal digits are powers of 2. Hardly 25 can reach 70168227.
Let's look at it deeper. Consider $2^k$ having $n$ decimal digits (obviously $n \le k$). Let's say $2^k \mod 5^n = a$. Then by CRT we can recover $2^k \mod 10^n$ (note that $2^k \equiv 0 \pmod {2^n}$):
$$f(a) \equiv 2^k \equiv a \cdot 2^n \cdot (2^{-n})_{\mod 5^n} \pmod{10^n}$$
Now let's assume that $2^k$ randomly goes over $\mod 5^n$. How many there are elements $x \in (0,\dots,5^n-1)$ such that $f(x) \mod 10^n$ consists from digits 1-2-4-8? There are at most $4^n$ such values (all possible combinations of 1-2-4-8 $n$ times), from $5^n$ (remark - we should consider only coprime with 5 numbers, there are $5^{n-1}*4$ such). So if $2^k$ acts randomly, then the probability of getting 1-2-4-8 value is limited by $(4/5)^{n-1}$, which decreases exponentially with $n$ (and $k$).
Now how much powers of 2 do we have for each $n$? Constant amount, 3 or 4! So, if for some small $n$ there are no such values, then very probably for all numbers it's also true.
Remark: this may look mouthful, nearly same explanation could be given modulo $10^n$. But in my opinion it's easier to believe that $2^k$ randomly goes over $\mod 5^n$ than $\mod 10^n$. EDIT: Also, $2$ is a primitive root modulo $5^n$ for any $n$, so it indeed goes over all $5^{n-1}*4$ accounted values.
Remark 2: the exact amount of $x$, such that $f(x) \mod 10^n$ consist from digits 1-2-4-8, from experiments:
...
n=15: 54411 / 30517578125 ~= 2^-19.0973107004
n=16: 108655 / 152587890625 ~= 2^-20.4214544789
n=17: 216803 / 762939453125 ~= 2^-21.7467524186
n=18: 433285 / 3814697265625 ~= 2^-23.0697489411
n=19: 866677 / 19073486328125 ~= 2^-24.3914989097
n=20: 1731421 / 95367431640625 ~= 2^-25.7150367656
...
UPD:
The fact that $2$ is a primitive root modulo $5^n$ is quite important.
We can use it to optimize search for first powers of 2 which increase the 1-2-4-8 run length (first data in this post). For example, for $n=3$ only $13$ of $5^2*4=100$ values correspond to 1-2-4-8 3-digit endings. For $\mod 1000$, period for powers of 2 is equal to order of the group, namely $100$. It means we need to check only 13 of each 100 values. I managed to build the table for $n=20$ which speeds up the computation roughly by $2^{25}$. Sadly each next $n$ for the table is much harder to compute, so this approach does not scale efficiently.
For arbitrary $n$ we can quite efficiently find some $k$ such that $2^k$ has last $n$ digits-powers-of-two.
Let's assume that for some $n$ we know such $k_0$. Consider $a = 2^{k_0} \mod 10^n$. We want to construct $k'$ for $n+1$. Let's look at $a \mod 2^{n+1}$. It's either $0$ or $2^{n}$. If it's $0$, we can set $(n+1)$'s digit to any from $0,2,4,6,8$, in particular $2,4,8$ will fit our goal. If it's $2^{n}$ then we need to set $(n+1)$'s digit to any from $1,3,5,7,9$, in particular $1$ will be fine for us.
After setting the new digit we have some value $a' < 10^{n+1}$. We now find $k'$ by calculating discrete logarithm of $a'$ base $2$ in the group $(\mathbb{Z}/5^{n+1}\mathbb{Z})^*$. It must exist, because $2$ is primitive root modulo $5^{n+1}$ and $a'$ is not divisible by five (meaning that it falls into the multiplicative group).
Summing up, it's possible to extend any existing 1-2-4-8 tail either with $1$, or with any of $2,4,8$. For example, tail of length 1000, consisting only of 1 and 2:
sage: k
615518781133550927510466866560333743905276469414384071264775976996005261582333424319169262744569107203933909361398767112744041716987032548389396865721149211989700277761744700088281526981978660685104481509534097152083798849174934153949598921020219299137483196605381824600377210207048355959118105502326334547495384673753323864726827644650703466356156319492521379682428275201262134907960967634887658195264018797348236155773958687977059474419550906257366056229915615067527218040720408353328787880060032847746927391316869927283585312014157952623949696812057481086276896651244409107902992111507870787820359137244857060839675634572294938878098506151681269336043213294287160464665102314138635395739226878089
sage: print pow(2, k, 10**1000)
1112221212111222212111211212211112121221111221112211221212222212222111211212111122221111222222211112222211112122111222122222212222111221111112211122121122221212111122212112211122121121212211211221122111111111111121211111211212222212112121222221221122111222221222222122212221212111121111112111211222111111211222222222112222212112211212121122212122222211111121112122122112112122222212121121222221112121221222221121122221121222121112111121221221212211121221122121122122122112112112111222212111111221121211211122222122211122211211222122122211112121121111211222211211212211112111212121212111222221212221211212222121122221211112222211221121221211211221222211112121221222122112122221221221221221222211122222222222222222222111121122221121121212111222211112122112112222112221212111112121221221121211221111121212111111121212222212211222122122212112211221221112222121221212121121112111222221122221221121111212121211211211221121211211121122122211212221112122111122212112212121112121121122111112111211111212122112
1024is 2^10, but there are more, 2048, etc. – Samuel Dec 09 '14 at 11:48