Player flickers/turns invisible when flying at high speeds

The Bug

Players flicker when flying at high speeds using elytra. Not caused by high altitude. Video demonstrating the issue: https://youtu.be/ZQIq5TGFuq0

Steps to Reproduce

• Obtain elytra and some fireworks.

/give @s minecraft:elytra
/give @s minecraft:firework_rocket{Fireworks:{Flight:3}} 64

• Use the fireworks to fly at a high speed.
• Switch into third person and take note as to whether or not the player flickers and turns invisible when flying at high speeds.

Observed Behavior

Players flicker and turn invisible when flying at high speeds when using elytra.

Expected Behavior

Players would not flicker and turn invisible when flying at high speeds when using elytra.