I recently purchased Minecraft Java Edition, But even though my system exceeds the system requirements it runs very laggy and it looks horrible. When starting the launcher it turns black/white and full of lines. Then in game I get weird laggy kind of spikes and the whole game has lines and weird colors. It just looks and runs bad. 

My System Info:

Processor Intel(R) Core(TM) i7-6700K CPU @ 4.00GHz 4.01 GHz
Installed RAM 16.0 GB
System type 64-bit operating system, x64-based processor
Edition Windows 10 Home
Version 20H2
Installed on ‎8/‎6/‎2020
OS build 19042.928
Experience Windows Feature Experience Pack 120.2212.551.0

GPU NVIDIA GeForce GTX 1070
Driver Version 466.11
Monitor Acer 27" 1920x1080, 144 Hz